Strengthening Tax Policy for Climate-Resilient Growth in Grenada

Overview & Synopsis

This report examines Grenada’s tax framework and identifies key tax policy reforms to broaden and diversify the tax base, emphasizing the integration of green growth and climate-resilience measures into the existing tax-system. This report should not be interpreted as instructional but provide key recommendations for consideration. The country’s reliance on a narrow tax base and heavy dependence on customs duties highlight the need for alternative revenue sources. Furthermore, leveraging the tax system to promote green growth and resilience to climate change is a high priority for Caribbean countries. The analysis identifies policy measures to strengthen tax revenue mobilization in Grenada and regional challenges that could be addressed collectively.