- Antigua and Barbuda Ministry of Finance presents 2024 budget statement
- Measures include reducing tax concessions and exemptions
- Discontinuing tax concessions for consumables used in business operations
- Implementing increased property tax rate on properties valued at 3 million Eastern Caribbean dollars or more
- Implementing 10 percent excise tax rate on alcohol, tobacco, and cannabis products
- Broadening sales tax base to include online streaming services
- Increasing money transfer levy to 5 percent from 2 percent
- Increasing sales tax rate to 17 percent from 15 percent, with exceptions for basic food items and essential services
- Increasing sales tax rate to 17 percent from 14 percent for the tourism sector
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
