The Antiguan Ministry of Finance, Corporate Governance & Public Private Partnerships Dec. 15 presented the 2024 budget statement. The statement includes measures to: 1) reduce existing tax concessions, including discretionary exemptions; 2) discontinue tax concessions for consumables used in routine business operations; 3) implement an increased property tax rate on properties valued at 3 million Eastern Caribbean dollars (US$1.1 million) or more; 4) implement a 10 percent excise tax rate on alcohol, tobacco, and cannabis products; 5) broaden the sales tax (ABST) base to include online streaming services and discontinue the concessionary ABST rate applicable to certain transactions, including the ...
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