The Grenadian Ministry of Finance Dec. 4 presented the 2024 budget speech. The speech includes proposed measures to: 1) introduce a basic minimum wage of 60 East Caribbean dollars (US$22.20) per day across all sectors, effective Jan. 1, 2024; 2) require a tax clearance certificate to access loans, transfer property, and receive government contracts; 3) offset taxes due against payments for government services; 4) implement a new online tax filing and payment system in a phased manner, beginning in January 2024 for VAT, corporate income tax, and pay as you earn (PAYE) tax, and for other taxes in the last ...
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