The Ministry of Finance of Saint Vincent and the Grenadines has announced a reduction in the personal and corporate income tax rates with effect from 1 January 2023.
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2023 PAYE Tax Tables
Further to the Department's notice issued on the 23rd December 2022, kindly be informed that effective 1st January, 2023, the maximum tax rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) will be reduced from 30% to 28%. Further, the Standard Deduction rate will be increased from $20,…