Taxation

1

Capital Gains Tax

There is no capital gains tax in Dominica
2

Retirees

Persons 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.
3

Export Allowance

Dominica 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 CARICOM countries to prevent double taxation of income earned in Dominica.

Tax Rates:	Percentages
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%

Land Transfer Tax:	Percentages
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