- Tax Rate Changes: The Premier announced the repeal of the 13% Goods and Services Tax (GST) at the port, replacing it with a non-compounded 9% Import Goods Tax as part of a broader tax reform initiative aimed at stimulating economic growth.
- Objectives of the Reform: The tax reform seeks to reduce inflation, enhance food security, increase consumer purchasing power, and promote sustainable economic growth by lowering the tax burden on imported goods, thereby benefiting the cost of living and business operations.
- Cultural Sector Support and Legislative Timeline: The government will also eliminate the Public Entertainment Tax to encourage participation in upcoming Carnival events. The proposed legislation is set for its first reading on July 22, 2025, with implementation targeted for August 1, 2025.
Source Government of Anguilla
