The Government of Antigua and Barbuda has officially approved a 10-percentage-point reduction in the Antigua and Barbuda Sales Tax (ABST) for a specific period during this year.
Director General of Communications in the Prime Minister’s Office, Maurice Merchant, confirmed during Friday’s post-Cabinet briefing that the standard rate will move from 17% to 7% during the timeframe which has not yet been announced.
This significant tax cut is described as part of ongoing efforts to cushion cost of living pressures faced by households and to stimulate consumer spending.
