Taxation
- 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 |
|---|---|
| Corporate Tax | 30% |
| 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 | 3% |
| Excise Tax: Motor Vehicles | 28% |
| Personal Income Tax: | Percentages |
|---|---|
| On the first EC$20,000 | 0% |
| On the next EC$20,000 | 15% |
| On the next EC$30,000 | 25% |
| On all additional income | 35% |
| 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 |
