Taxation
Tax information for individuals, Companies and organisations
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1Capital Gains TaxThere is no capital gains tax in Dominica
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2RetireesPersons who retire in Dominica are exempt from taxes on income earned from a source outside Dominica, providing that such persons were not resident in Dominica prior to retirement.
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3Export AllowanceDominica provides companies with a further tax concession effective at the end of the tax holiday period. In effect, it is a rebate of a portion of the income tax paid based on export profits as a percentage of total profits.
- Companies and individuals residing in Dominica are subject to taxes on their income.
- Persons who retire in Dominica are exempted from taxes on income earned from a source outside of Dominica. However, the person should not have been resident in Dominica prior to the retirement.
- Dominica has a tax treaty with Great Britain, the United States, and CARICOM countries to prevent double taxation of income earned in Dominica.
Tax Rates: | Percentages |
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Corporate Tax | 25% |
Value Added Tax | 15% on all goods & services |
Value Added Tax | 10% on Hotel Accommodation |
Environmental Levy | 1% or 1.5% (based on items) |
Alien Land Holding Licence Fee | 10% of the value of property |
Customs Service Charge | 4% |
Excise Tax: Motor Vehicles | 28% |
Personal Income Tax: | Percentages |
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From $0 to %30,000 | 0% |
From $30,001 to $45,000 | 15% |
From $45,001 to $75,000 | 25% |
From $75,001 and above | 35% |
Land Transfer Tax: | Percentages |
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Assurance Fund Fee | 1% of value |
Judicial Fee | 2.5% of value |
Stamp Duty (buyer) | 4% of value |
Stamp Duty (vendor) | 2.5% of value |
Solicitor’s Fee | 3% of value on which a 15% VAT is payable |
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