Taxation – Invest Dominica

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:	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%

“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

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
Stamp Duty (vendor)	Max. of 2.5% of value on which a 15% VAT is payable