Antigua & Barbuda's Prime Minister, Lester Bird, has announced that his government intends to introduce to Parliament amendment to the newly implemented Customs Services Tax.
According to reports from the local press, Mr Bird has said that the Common External Tariff which was due to take effect from 1 July, 2001, has been delayed. This has caused some confusion and he is eager to amend the legislation to prevent any further misunderstanding.
The aim of the law was to extend the Customs
Services Tax from 5 to 10 per cent on all goods and products except staple
food stuffs, medicines and petroleum-based products.
The PM explained to the Antigua Sun news service: 'For a number of reasons
outside our control, the Common External Tariff could not be implemented
on 1 July. Therefore, if we proceed to double the Customs Services Tax
while the duties are still in place at their previous level, costs of
many imported items would increase.'
He added: 'My government does not wish the people of our country to face any prices that are higher than absolutely necessary. Consequently, we will amend the law in Parliament at the next sitting to ensure that the doubling of the Customs Services Tax is not compounded.'
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment