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Last updated: July 31, 2026
Employment Cost Calculator for Grenada
Calculate your complete hiring costs for Grenada employees, including payroll taxes, social security contributions, employee benefits, and management fees. This salary calculator provides accurate employer cost estimates for informed hiring decisions.
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Employment Cost Breakdown
Select a country and enter a salary to see the employment cost breakdown
Employer Tax Contributions
| Tax Type | Rate | Base |
|---|---|---|
| National Insurance Scheme (NIS) - Employer Share | 7.25% | Employee's insurable earnings (max EC$5,200/month) |
| Pay As You Earn (PAYE) Income Tax | Progressive | Employee's taxable income |
| Corporate Income Tax | 30% | Net income for resident companies |
| Value Added Tax (VAT) | 15% (standard) | Goods and services |
Filing & Compliance
- Monthly PAYE and NIS contributions are due by the end of each month, with a 14-day grace period.
- Annual returns summarizing total remuneration and PAYE/NIS contributions are due by March 31st of the following year.
- Employers must register with the NIS and ensure all employees are registered within four days of commencing employment.
Income Tax Brackets
| Income Range | Tax Rate |
|---|---|
| Up to EC$36,000 | 0% |
| EC$36,001 to EC$60,000 | 15% |
| Over EC$60,000 | 30% |
Employee Contributions
| Deduction Type | Rate | Cap |
|---|---|---|
| National Insurance Scheme (NIS) | 6.25% | EC$5,200 per month |
Personal Allowances
- Personal Allowance: EC$36,000 per annum
- Contributions to approved pension schemes
- Certain medical expenses
Written by
Lucas Botzen
Lucas Botzen is the Founder of Rivermate, a global employment platform that helps companies hire, employ, and manage talent internationally. Since founding Rivermate in December 2020, he has focused on building practical solutions that simplify international payroll, benefits, taxes, contracts, and employment compliance for remote teams. Before Rivermate, Lucas co-founded and co-directed Boloo, an e-learning and software company that helped entrepreneurs start and grow e-commerce businesses. He scaled Boloo to more than €2 million in annual revenue before successfully exiting the business in 2020. Lucas holds a Bachelor’s degree in Business Innovation from Avans University of Applied Sciences. His background in entrepreneurship, technology, automation, and remote work continues to shape his approach to making global employment simpler and more human.
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