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.
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.
|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|