BREAKING: 2% Increase in ABST Approved by Cabinet
The Cabinet led by Gaston Browne has agreed to increase the Antigua and Barbuda Sales Tax by 2% after several hours of discussion today.
The new measure will result in residents paying an ABST of 17%, which is 2% higher than the current 15%.
Prime Minister Gaston Browne confirmed that the Ministry of Finance recommended this change, and the Cabinet agreed to it.
Despite this increase, Antigua and Barbuda’s tax levels remain among the lowest in the Organization of Eastern Caribbean States (OECS).
The tax-to-GDP ratio in the country is currently 16%, which is significantly lower than the regional average of 24%.
The decision to increase the sales tax was made to ensure that the government can meet its obligation to increase the salaries and wages of public sector workers and pay off the outstanding amounts owed to local suppliers and contractors.
The United Progressive Party is against the imminent measure and have called for residents to protest against it.
This story was first published by Antigua News on : antigua.news/2023/11/22/breaking-2-increase-in-abst-approved-by-cabinet. © 2023 Antigua News. Republication without permission is not allowed.
About the author
The Editorial Staff refers to all reporters employed by Antigua.news. When an article is not an original creation of Antigua.news—such as when it is based on a press release, other media articles, letters to the editor, or court decisions—one of our staff members is responsible for overseeing its publication.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
Senator Colin O’Neal Earns Political Science Degree at UWI Five Islands, Sets Sights on Law Degree
Senator Colin O’Neal graduates with a Bachelor’s Degree in Political Science from UWI Five Islands Campus and announces plans to pursue a law degree in 2027.
By Cory Wayland
Young Man Suffers Minor Scrapes After Leg Gets Trapped in St. John’s Sidewalk Grating
The incident raises fresh concerns about pedestrian safety following similar occurrences in the city.
By Cory Wayland
Mighty Sparrow’s National Funeral Set for October 16 as Trinidad and Tobago Prepares Grand Farewell
Two days of public viewing and a grand cultural procession will precede the October 16 Celebration of Life honouring the legendary entertainer whose music helped shape Caribbean culture.
By Cory Wayland
Antigua and Barbuda Art Week 2026 to Bring Folklore and Creativity to Life with Exciting New Experiences
From the legendary Jam Bull to evening gallery tours, live painting battles and interactive workshops, this year's Art Week promises an immersive celebration of Antigua and Barbuda's artistic and cultural heritage.
By Cory Wayland
Comments (2)
Ras Jus November 22, 2023, 9:39 PM
Mae November 22, 2023, 10:43 PM