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l. Corporate Income Tax Rates:
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35%
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2. Payroll Taxes:
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Pay As You Earn (PAYE) System
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3. Personal Income Tax Rates:
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Ranges from 15% - 45%
(Resident Individuals earning less than $10,400.00
per annum are fully exempted)
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4. VAT
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Value Added Tax is 15% effective from April 1, 1996.
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5. Exemption from Taxes:
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Exemption granted for Import duties and Income
Taxes for approved enterprises.
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6. Double Taxation Treaties:
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With United Kingdom, Sweden, Denmark and the
countries of the Caribbean Community (CARICOM).
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7. Withholding Tax:
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25% Tax is applied to non-resident Corporation and
Individuals on any sum paid in respect of management
fees, rental of plant and machinery, mortgage
and debenture interest, and Insurance Premiums.
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Commons 
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