{"id":98855,"date":"2020-01-24T09:10:17","date_gmt":"2020-01-24T13:10:17","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=98855"},"modified":"2020-01-24T09:10:17","modified_gmt":"2020-01-24T13:10:17","slug":"pm-issues-firm-warning-over-payment-of-taxes-in-2020","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-issues-firm-warning-over-payment-of-taxes-in-2020\/","title":{"rendered":"PM Issues Firm Warning Over Payment Of Taxes In 2020"},"content":{"rendered":"
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The nation of Antigua and Barbuda has been called upon to pay its fair share of taxes to ensure that the country\u2019s economy continues to grow.\u00a0 Prime Minister the Hon. Gaston Browne during his presentation of the 2020 Budget in the House of Representatives told the nation that the government cannot spend revenues that it has not received.<\/p>

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He further stated that his government cannot build roads, deliver water, and supply other critical services if taxes are not paid.<\/p>\n

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\u201cThe point is, our tax revenues are not at the level where every principle of finance and economics suggest they should be, in an economy that is growing as impressively as ours.\u00a0 And, while revenue decreased, expenditure in 2019 was $1.02 billion \u2013 approximately the same amount as we spent in 2018,\u201d outlined the country\u2019s leader who is also Finance Minister.<\/p>\n

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He further outlined that while his government contained spending in 2019,\u00a0 capital spending increased in order to deliver infrastructural development that the country requires.<\/p>\n

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\u201cThe bulk of government spending was on non-discretionary, primary recurrent expenditure.\u00a0 Specifically, wages and salaries, statutory contributions, goods and services, pensions and transfers, amounted to $819 million,\u201d PM Browne stated.<\/p>

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He said that due to this development, new measures will be applied, to ensure tax compliance and revenue collection.<\/p>\n

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\u201cThe Inland Revenue Department (IRD) will launch a new, user-friendly and interactive IRD website this year.\u00a0 It will provide critical information to the public and feature e-payment and e-filing functionalities.\u00a0 The IRD will also intensify enforcement efforts, working with the Office of the Attorney-General, to take legal action for the recovery of outstanding taxes, particularly ABST, Property Tax and Corporation Tax,\u201d he said.<\/p>

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In addition, the Prime Minister announced that the Customs and Excise Division will use specialist equipment and tools donated by China and the United Kingdom Border Force to improve operational efficiency and revenue collection.<\/p>\n

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He said that the Comptroller and his team will also pursue new tactics to combat smuggling activities and safeguard the country\u2019s borders against illicit trade.<\/p>\n

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While imploring citizens to pay their fair share of taxes, he said that those who do not pay are depriving the country and its inhabitants of the economic and social infrastructure and services they need.<\/p>\n

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\u201cSuch behavior is unfair and unjust.\u00a0 We are a society that pays no personal income tax.\u00a0 There is no tax on interest earned on savings or dividends.\u00a0 There is neither inheritance tax nor death duties.\u00a0 There is no capital gains tax when locals sell property at a profit.\u00a0 We do not, in this country, burden our people with the plethora of taxes imposed in the majority of others,\u201d said Prime Minister Browne<\/p>

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He concluded by stating that it is only fair that the limited taxes that are in place, should be paid for the benefit of the nation. \u201cI plead with you to pay your taxes,\u201d PM Browne stated.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The nation of Antigua and Barbuda has been called upon to pay its fair share of taxes to ensure that the country\u2019s economy continues to grow.\u00a0 Prime Minister the Hon. Gaston Browne during his presentation of the 2020 Budget in the House of Representatives told the nation that the government cannot spend revenues that it […]<\/p>\n","protected":false},"author":3,"featured_media":98622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-98855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPM Issues Firm Warning Over Payment Of Taxes In 2020 - Antigua News Room<\/title>\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\/pm-issues-firm-warning-over-payment-of-taxes-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Issues Firm Warning Over Payment Of Taxes In 2020\" \/>\n<meta property=\"og:description\" content=\"The nation of Antigua and Barbuda has been called upon to pay its fair share of taxes to ensure that the country\u2019s economy continues to grow.\u00a0 Prime Minister the Hon. 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