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Grenada Slaps Higher Taxes on Cigarettes and Sugary Beverages

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

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