Executive Council met on Sunday 26 June 2022, to consider the implementation of transitional provisions allowing for Interim Goods Tax (IGT) paid to be treated as a credit to offset future tax obligations. As part of this process, GST Registered businesses desirous of secking IGT credits will be required to submit to the Inland Revenue Department the following information/documents
I. Listings of inventory as at 30 June 2022 evidencing the IGT paid, exchusive of zero rated & exempt items. Stock must be valued on a first in-first out basis, based on import values; and
II. Details on annual turnover.
Source Government of Anguilla
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