Grenada: Commercial tax rate

* indicates monthly or quarterly data series

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)
For that indicator, we provide data for Grenada from 2005 to 2019. The average value for Grenada during that period was 45.84 percent with a minimum of 45.3 percent in 2005 and a maximum of 48.4 percent in 2017. The latest value from 2019 is 47.8 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Grenada - Commercial tax rate - Recent values chart

Historical chart
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.

 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP 0.94 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 68.14 2021 million U.S. dollars
This site uses cookies.
Learn more here