Antigua Approves ABST Amendment Regulations
ST JOHN’s, Antigua — The Antigua and Barbuda Senate has approved the ABST Amendment Regulations, which are now scheduled to come into effect on March 15.
The amendment reduces the basket of zero-rated goods to 29 categories, in addition to 150 agricultural inputs and specified equipment for use with personal or laptop computers. Under the amended regulations, approved service and charitable organisations retain their ABST-exempt status.
Among the basic food items that will not attract the ABST are chicken, fish, milk, butter, vegetables, fresh fruit, rice, flour, bread, baby foods, sugar and water. Medicines and pharmaceutical goods are also exempt from the ABST.
The measures are aimed at enhancing revenue, as the government seeks to put the country on a sustainable fiscal and economic path.
Short URL: http://blog.gfbcproductions.biz/?p=13868
Posted by GFBC Admin
on Mar 5 2010. Filed under Caribbean News, Caribbean Politics.
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