{"id":192416,"date":"2023-12-18T07:17:57","date_gmt":"2023-12-18T11:17:57","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=192416"},"modified":"2023-12-18T07:17:57","modified_gmt":"2023-12-18T11:17:57","slug":"gaston-browne-administration-introduces-new-fiscal-measures-to-strengthen-revenue-collection","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/gaston-browne-administration-introduces-new-fiscal-measures-to-strengthen-revenue-collection\/","title":{"rendered":"Gaston Browne administration introduces new fiscal measures to strengthen revenue collection"},"content":{"rendered":"
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We will introduce a number of fiscal measures in 2024, to strengthen revenue collection, reduce distortions in the tax system and improve taxpayer compliance.\u201d\u00a0 Those were the words of Prime Minister the Hon. Gaston Browne in Parliament on Friday as he presented the government\u2019s 2024 National Budget.<\/p>

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During the presentation, Prime Minister Browne announced\u00a0adjustments to several of the taxes charged to individuals and businesses. He also announced the widening of the list of items that are zero rated for the additional two percent increase in the rate of the Antigua and Barbuda Sales Tax (ABST).<\/p>

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PM Browne was quick to note that despite the adjustments, Antigua and Barbuda remains the country with the lowest rate of taxation in the OECS region and beyond within the CARICOM community.<\/p>\n

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\u201cIt should be noted that even with the revenue reforms; tax to GDP, to include organic revenue growth will, only increase by 0.7 percent to 15.7 percent; we will still have the lowest tax to GDP ratio and revenue to GDP ratio in the region,\u201d he detailed.<\/p>\n

The adjustments in the taxes include the following;<\/p>

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