GOV.VC
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The Comptroller of Inland Revenue is responsible for administering and applying the provisions of the International Tax Cooperation (Economic Substance) Act (“the Act”).
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 $20,000 to $22,000.
Newly accredited Non-Resident Ambassador of the People’s Democratic Republic of Algeria to Saint Vincent and the Grenadines, His Excellency Abdelkader Hadjazi presented Letters of Credence to Her Excellency, Dame Susan Dougan, GCMG, OBE at Government House, Kingstown on Friday, 16th December 2022.
