VATupdate

Grenada delays introduction of increased tax on sugary, alcoholic, and tobacco products

The Grenada government on Tuesday announced a one-month delay in the implementation of an increase in the Excise Tax on alcohol and tobacco products as well as Value Added Tax (VAT) on sugar, sugary or carbonated drinks.

“In relation to the tax on the sugary drinks we are going to push back the date for this to become effective from the first of March rather than the first of February because we need the additional time to make sure that the items are clearly identified, clearly classified and clearly published and that there is no ambiguity,” Prime Minister Dickon Mitchell told a news conference.

Source: caribbeannationalweekly.com

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