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 exempt from taxes on income earned from a source outside of Dominica, if the person was not resident in Dominica prior to their 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 $50,000 | 15% |
| From $50,001 to $80,000 | 25% |
| From $80,001 and above | 35% |
| Land Transfer Tax: | Percentages |
|---|---|
| Assurance Fund Fee | 1% of value |
| Judicial Fee | 1% of value |
| Stamp Duty (buyer) | 2% of value |
| Stamp Duty (vendor) | 2.5% of value |
| Solicitor’s Fee | Max. of 2.5% of value on which a 15% VAT is payable |
IDA has been very helpful in assisting our business with the added investment and business expansion. Mr. Patrickson Victor’s professional service is greatly appreciated. Thank you IDA!
Stella Zhang – Dragon Windows/
Construction Material & Services Ltd