Category Taxation in Antigua and Barbuda

Antigua and Barbuda Dropping Taxes

January 28, 2014 Taxation in Antigua and Barbuda

Antigua and BarbudaST. JOHN’S – Low-income earners, single parents and government workers in Antigua and Barbuda will soon be better off, as the government lowers taxes, hikes benefits, and begins paying owing salaries.

Late last week the Minister of Finance and Economy of Antigua and Barbuda Harold Lovell unveiled the national budgetary plan for 2014, containing several changes which are intended to vastly improve the standard of living in the country while stabilizing the national economy.

In line with the proposed measures, starting from the beginning of this calendar year, the tax-free threshold on personal incomes will be raised from XCD 3 000 per month to XCD 3 500 per month, and, in addition, all personal incomes of up to XCD 15 500 will be taxed at a rate of 8 percent, instead of the previous rate...

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