- The Grenadian Official Gazette published Act No. 6/2025 on June 23
- The 2025 Tax Administration Special Measures Act provides post-Hurricane Beryl fiscal support
- Exempts specified businesses from VAT on goods or services and from penalties on outstanding VAT during the relevant period
- Exempts qualifying businesses from filing and paying VAT during the relevant period
- Exemption does not apply to outstanding income tax or penalties due before the relevant period
- Extends deadline for specified employers to file annual tax returns and pay withholding taxes until the end of the 2024 tax period
- The law is retroactive from July 1, 2024, and valid until June 30, 2025
Source: news.bloombergtax.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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