Employment Cost Calculator for Saint Vincent and the Grenadines
Calculate the total cost of employing someone in Saint Vincent and the Grenadines, including taxes, benefits, and our management fee.
Employer Tax Contributions
| Tax Type | Rate | Base |
|---|---|---|
| PAYE (Income Tax) | Progressive (0% - 30%) | Employee Gross Emoluments |
| National Insurance Services (NIS) | Employer: 7% (from Jan ) | Employee's Insurable Earnings (up to XCD 4,333/month) |
| Corporate Income Tax | 30% | Company Profits |
Filing & Compliance
- PAYE & NIS Remittances: Due by the 15th day of the month following the payroll period.
- Annual PAYE Reconciliation: Due by January 31st of the following year.
- NIS Annual Returns (Form C1/1 and C1A): Due by March 31st of the following year.
Income Tax Brackets
| Income Range (XCD) | Tax Rate |
|---|---|
| 0 - 5,000 | 10% |
| 5,001 - 10,000 | 20% |
| Over 10,000 | 28% |
Employee Contributions
| Deduction Type | Rate | Cap |
|---|---|---|
| National Insurance Services (NIS) | 3.5% | XCD 4,333 per month |
Personal Allowances
- Personal Allowance: XCD 20,000
- Spouse Allowance
- Child Allowance
