{"id":231654,"date":"2025-04-03T12:21:45","date_gmt":"2025-04-03T16:21:45","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=231654"},"modified":"2025-04-03T12:48:30","modified_gmt":"2025-04-03T16:48:30","slug":"ministry-of-finance-reports-q1-revenue-growth-plans-crackdown-on-tax-evaders","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/ministry-of-finance-reports-q1-revenue-growth-plans-crackdown-on-tax-evaders\/","title":{"rendered":"Ministry of Finance Reports Q1 Revenue Growth, Plans Crackdown on Tax Evaders"},"content":{"rendered":"
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Stronger-than-expected fiscal performance in the first quarter of 2025 has prompted the Ministry of Finance to ramp up enforcement against businesses suspected of underreporting taxes<\/a><\/strong>, particularly in the tourism sector.<\/p>\n\n\n\n

Following a briefing to Cabinet this week, officials confirmed that key revenue streams\u2014such as the Antigua and Barbuda Sales Tax <\/a><\/strong>(ABST) and Customs duties\u2014have shown solid growth. <\/p>

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The Ministry credits this improvement to a combination of increased economic activity and more disciplined fiscal management.<\/p>

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According to Chief of Staff Ambassador Lionel Hurst, the Ministry reported that “discretionary concessions are down and revenues are up,” signaling an overall positive trajectory in government earnings.<\/p>\n\n\n\n

However, Cabinet was also advised of concerns that some hotels are not declaring their full tax obligations, despite consistently high occupancy rates.<\/p>

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\u201cWe know the hotels are doing better than last year, yet some are still reporting the same or even lower levels of guest levy payments,\u201d Hurst said at Thursday\u2019s post-Cabinet media briefing.<\/p>\n\n\n\n

He noted that the Inland Revenue Department (IRD) will be taking a more aggressive stance going forward. <\/p>

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The IRD will conduct estimates based on guest arrivals and the number of nights stayed\u2014data which is captured via the country\u2019s electronic embarkation\/disembarkation system\u2014to determine what tax payments should have been made.<\/p>

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\u201cIf the hotels do not meet the estimated threshold, the IRD will issue demand notices. And if they are challenged, the Department is prepared to defend its position,\u201d Hurst said.<\/p>\n\n\n\n

The government is also examining whether some cases amount to not just tax avoidance, but active tax evasion\u2014something that could trigger further legal action.<\/p>\n\n\n\n

The Cabinet has signaled its full support for the intensified scrutiny, which it says is necessary to ensure fairness in the tax system and to protect state revenues amid a growing economy.<\/p>\n\n\n\n

While the government has so far refrained from naming specific businesses, the message was clear: those benefiting from increased tourist arrivals must also contribute their fair share to national development.<\/p>\n\n\n\n

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Stronger-than-expected fiscal performance in the first quarter of 2025 has prompted the Ministry of Finance to ramp up enforcement against businesses suspected of underreporting taxes, particularly in the tourism sector. Following a briefing to Cabinet this week, officials confirmed that key revenue streams\u2014such as the Antigua and […]<\/p>\n","protected":false},"author":12,"featured_media":195938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-231654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTax Enforcement Ramps Up in Tourism Sector - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Explore the latest updates on tax enforcement against businesses, especially in the tourism sector amid solid revenue growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/ministry-of-finance-reports-q1-revenue-growth-plans-crackdown-on-tax-evaders\/\" \/>\n<meta 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