Antigua and Barbuda Sees Government Revenue Surge

 Antigua and Barbuda’s economy displays continued growth as government revenues surge, as highlighted by the Inland Revenue Department (IRD).The rise, attributed primarily to increased ABST yields, points to robust economic activity and higher consumer spending on goods and services. Deputy Commissioner Jermaine Jarvis reports a nearly $40 million increase in collections between January and June […]

Government revenue continues to increase

Antigua and Barbuda’s economy is thriving, as evidenced by the growing government revenue collected by the Inland Revenue Department (IRD). The Deputy Commissioner of IRD, Jermaine Jarvis, has reported that collections between January and June of this year have increased by almost $40 million compared to last year. Specifically, the department collected $209 million between […]

CBI revenue EC$157 million for first 6 months of 2023

From January to June 2023, the Citizenship by Investment (CBI) programme earned EC$157 million for the Government. This surpasses the amount earned in any given year since the programme began in 2014. Despite earning this massive revenue intake, the top revenue earners were the Inland Revenue Department which earned EC$229.3 million and the Customs Division, […]

Strong opposition arises over implementation of 2.5% Levy

The implementation of the 2.5 percent Health and Citizen Security Levy, effective from August 2, 2023, has faced strong opposition from the United Workers Party (UWP), which forms the Opposition. The new levy is applicable to various goods and services, excluding food items, medicines, select building materials, medical equipment, and security equipment. Prime Minister Pierre […]

NTF is main source of 2023 CBI revenue

The National Transformation Fund (NTF) option of the Citizenship by Investment (CBI) legislation appears to be the main source of revenue for the Government of Grenada, because the CBI Committee has not approved any new project for the year as of 15 June 2023. “There was no new project approved or gazetted for the year […]

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