Antigua and Barbuda’s tax revenue for H1 2023 exceeded expectations, with a remarkable 20 million surplus compared to the same period in 2022, attributed to increased economic activity driven by tourism and construction.
Economists highlight this as a result of heightened spending and investment, contributing to higher tax collections.
Authorities emphasize the need for improved compliance and efficiency, given the nation’s low tax-to-GDP ratio in the region.
Plans are underway to upgrade the tax administration system for online payments, though no timeline is set.
Property owners with outstanding taxes are advised to settle promptly, with upcoming user acceptance testing for new software aiming to prevent future arrears.
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