Tax
No personal income tax, with ABST at 17 percent
Antigua and Barbuda abolished personal income tax in 2016, so individuals pay no tax on employment or investment income, though corporation tax remains at 25 percent. The Antigua and Barbuda Sales Tax, a value added tax in substance, is charged at 17 percent, one of the higher rates in the region. Property tax is levied annually on the assessed value, and there is no capital gains or inheritance tax.
Key rules
- Jurisdiction — National taxation administered by the Inland Revenue Department
- Deadline — ABST return: filed and paid by the end of the following month
- Deadline — Corporation tax return: filed within the statutory period after the accounting date
- Deadline — Property tax: payable annually on assessment
Governing law
- Antigua and Barbuda Sales Tax Act
- Income Tax Actcorporation tax
- Personal Income Tax (Repeal) Act 2016
- Property Tax Act
In practice
The repeal of personal income tax makes Antigua and Barbuda attractive for individuals but does not remove the corporate charge, so the choice between operating personally and through a company has an unusually large tax consequence here. The relatively high sales tax rate is the trade-off, and it applies broadly to goods and services including tourism supplies.