St.Vincent and the Grenadines Double Tax Treaties
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St.Vincent and the Grenadines Double Tax Treaties

DeltaQuest can assist you whether you are an individual or corporate entity in setting up a St Vincent trust or St.Vincent foundation to achieve complete and comprehensive asset protection. For more information about St Vincent double tax treaties, please read the information below. Alternatively, to establish a St Vincent Trust or foundation please complete our Application Form, or if you require further information please Contact Us.

St Vincent and the Grenadines do not have Double Taxation Treaties with any country. Nevertheless, there is a kind of a Double Tax Agreement that St.Vincent and the Grenadines has ratified within the Caribbean Community (CARICOM). The Governments of the Member States of the Caribbean Community have agreed on a number of Agreements for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, profits or gains and capital gains and for the encouragement of Regional Trade and Investment. These Agreements provide as follows:

Tax Jurisdiction

Irrespective of the nationality or State of residence of a person, income of whatever nature accruing to or derived by such person shall be taxable only by the Member State in which the income arises, except for the cases specified in this Agreement.

Income from Immovable Property

Income from immovable property shall be taxable only in the Member State in which such property is situated.

Capital Gains

Except as otherwise provided in this Article, gains derived from the alienation of real property situated in a Member State shall be taxed only in that State.

Business Profits

Profits resulting from business activities shall be taxable only by the Member State wherein such business activities are undertaken.

Shipping and Air Transport

Profits derived by an enterprise of a Member State from the operation of ships or aircraft in international traffic shall be taxable only in that Member State. Profits derived from the operation of ships or aircraft used principally to transport passengers or goods exclusively between places in a member State shall be taxed only in that State.

Royalties

Royalties arising in a Member State and paid to a resident of another Member State shall be taxed only in the first-mentioned State. The rate of tax shall not exceed fifteen per cent of the gross amount of the royalties.

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