- Antigua and Barbuda will raise its value-added tax rate to 17 percent from January 1, 2024.
- The rate will apply to the tourism sector, which previously had a concessionary rate of 14 percent.
- Tax breaks for the industry will be repealed.
- The value-added tax will also be extended to online streaming services.
- The Money Transfer Levy will be increased from two percent to five percent.
- Property tax on properties worth XCD3m or more will be hiked.
- These measures were announced in the 2024 Budget.
Source: answerconnect.cch.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.
