Antigua Sales Tax Amendment Bill: Deadline Reduced to 15 Days for ABST Payment

• Businesses in Antigua now have 15 days to pay ABST to the Government, down from 30
• Prime Minister Gaston Browne introduced a bill to amend the Antigua and Barbuda Sales Tax Act
• The amendment aims to enhance tax collection efficiency by changing the deadline for lodging ABST returns
• The amendment reduces the lodging period from 30 days to 15 days
• Prime Minister Browne emphasized the importance of the amendment in improving tax collection efficiency
• The amendment does not alter the tax rate or existing tax framework, but ensures timely remittance of taxes to the government
• Taxes collected are considered trust funds and should be remitted promptly to the Inland Revenue Department
• The new deadline is expected to streamline the collection process and apply to collections made from March 1st, 2024, onwards.

Source: antiguanewsroom.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.

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