Grenada: Indirect tax measures in 2025 budget
Proposed extension of VAT exemptions on essential goods
The 2025 national budget was released on March 10, 2025. The budget introduces no new taxes but does propose extending value added tax (VAT) exemptions on essential goods and continuing reduced petrol tax rates. Additionally, the budget proposals would remove duties on renewable energy vehicles.
For more information, contact a KPMG tax professional in the Eastern Caribbean:
Grant McDonald | grantmcdonald@kpmg.bb
Marianne Greenidge | mariannegreenidge@kpmg.bb