Saint Vincent and the Grenadines: Tax reform measures effective January 2025
Raises the income tax exemption threshold to ECD25,000
The government on October 27, 2024, announced tax reforms effective January 2025, including raising the income tax exemption threshold to ECD25,000, increasing the minimum wage, and providing healthcare workers with a non-taxable salary supplement.
The government will also maintain value added tax (VAT) exemptions for low electricity usage, extend duty concessions on tires and cement, and resume duty-free imports on barrels for the holiday season until January 31, 2025.