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In recent update, a notable announcement, Prime Minister Gaston Browne has revealed the reinstatement of the Antigua and Barbuda Sales Tax (ABST) reduction for specific days in December 2023. From December 15th to 17th and on December 22nd, citizens will witness a renewed decrease in the ABST rate, plummeting from 15 percent to 5 percent.
This decision underscores the government's commitment to providing economic relief and stimulating financial activity. The revived ABST reduction aims to reinvigorate consumer spending during the festive season, providing a much-needed boost to businesses navigating economic challenges.
Prime Minister Browne expressed confidence that the reduced taxation during these designated days will instill renewed consumer confidence and offer crucial support to businesses across Antigua and Barbuda, playing a significant role in the overall economic recovery.
With anticipation building for the upcoming ABST reduction period, citizens are optimistic about the potential benefits for both individuals and businesses. This proactive move by the government signifies a pivotal step in steering the nation toward economic revitalization in December 2023.
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