Prime Minister To Abolish Income Taxes For People In Antigua And Barbuda
ST. JOHN’S – Prime Minister Gaston Browne on Thursday announced that effective April, personal income tax will be abolished in its entirety in Antigua and Barbuda.
Browne made the announcement in his presentation of the 2016 Budget said this was a promise made to the people of Antigua and Barbuda during the election campaign.
“That was a major campaign promise, and my Government honours its word to the people. Promise made, promise kept. Abolishing Personal Income Tax is an important reform. Not only will it put more money in the pockets of the people, so that they can save or spend more for the benefit of the economy as whole, it will help to re-establish our country as one of the most competitive in the Caribbean and beyond.”
The Prime Minister said with the elimination of the income tax, EC$30 million will be back in the pockets of the people.
“The cost of collecting PIT (personal income tax); the difficulty of enforcement; and its unfairness, with most of the self-employed not paying or not paying their fair share; make it sensible to remove the PIT from our books,” said Browne who is also the twin-island country’s Finance Minister.
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