Grenada: Commercial tax rate

* indicates monthly or quarterly data series
 Grenada

Tax rate, percent of commercial profits

 Latest value 47.80
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 45.84
 Min - Max 45.30 - 48.40
 Source The World Bank (doing business survey)
The latest value from 2019 is 47.8 percent, unchanged from 47.8 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Grenada from 2005 to 2019 is 45.84 percent. The minimum value, 45.3 percent, was reached in 2005 while the maximum of 48.4 percent was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Grenada - Commercial tax rate - Recent values chart

Historical series
Grenada - Commercial tax rate - historical chart - 2005-2019




Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

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 Related indicators Latest Reference Measure
 Fiscal balance, percent of GDP 0.92 2022 percent
 Government debt 64.75 2022 percent
 Commercial tax rate 47.80 2019 percent
 Tax preparation time 140 2019 hours
 Number of taxes 42 2019 taxes
 Foreign aid -93.64 2022 million U.S. dollars
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