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Government to implement tax for online purchases
The government will be seeking to amend the Antigua and Barbuda Sales Tax (ABST) Act to include taxes for online purchases.
Prime Minister Gaston Browne said the measure is to prevent the practice of tax avoidance and tax evasion and stop persons from manipulating government revenues.
According to Browne, “The government is considering amending the ABST legislation to allow for the application of the ABST to online purchases to include Amazon.”
He said that a lot of purchases are now taking place online and that the government wants to ensure taxes are paid for these online purchases.
Government announces plans to strengthen its fiscal resilience
ST. JOHN’S, Antigua and Barbuda – 28
th January, 2021……The government of Antigua and Barbuda has developed a comprehensive fiscal strategy document designed to strengthen public finances over the medium term.
This announcement was made by Prime Minister the Hon. Gaston Browne during the presentation of the 2021 Budget to the House of Representatives on Thursday. He stated that fiscal strategy focuses on enhancing revenue performance, increasing efficiency in public spending, securing debt sustainability, and positioning the Government to meet its obligations in a more timely and predictable manner.
Key fiscal targets include:
ii. Overall deficit less than 1.5% of GDP by 2024