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Tax information for Individuals, Companies and Organisations

  • 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 currently has in force double taxation treaty with CARICOM. Information sharing agreements with other countries to include US and Great Britain and BITs with Great Britain and Germany.
  • Detailed information can be found on the Inland Revenue Division's website - personal income tax, corporate income tax.

Capital Gains Tax

There is no capital gains tax in Dominica

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.

Tax Rates

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%
Personal Income Tax: Percentages
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
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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