Due to increased taxes that went into effect on March 1 on certain items, some sweetened beverages, cigarettes, and alcohol will cost higher in Grenada.
Five percent value added tax (VAT) is applied on sweetened drinks.
The excise duty on cigarettes would increase from 105 percent to 200 percent, while the tax on alcohol will change from EC$1.10 and EC$4.40 per litre to EC$1.50 and EC$5 per litre, respectively.
Source: www.stvincenttimes.com
Latest Posts in "Grenada"
- Grenada Enacts 2025 Tax Relief Act for Post-Hurricane Beryl Recovery, Effective July 2024
- 2025 National Budget Released: No New Taxes, Extends VAT Exemptions on Essential Goods
- Grenadian Ministry of Finance Announces 2025 Budget: Extends VAT Exemption on Essential Goods
- Grenada Launches GTAX: A New Digital Tax Administration System for Improved Efficiency and User Experience
- Grenada Ministry of Finance Introduces 2024 Budget with Online Tax System Implementation
