Taxes on worldwide digital providers, non-alcoholic sweetened drinks and a rise within the environmental safety levy are among the many income measures authorities plans to make use of to fund the 2026/2027 finances.
The estimates of expenditure had been tabled in Parliament at present.
Finance Minister Fayval Williams famous that hurricane Melissa brought about vital gaps within the authorities’s funds, due to this fact the measures being proposed are geared toward filling the gaps.
Among the income measures are new, whereas others are a rise or modification of current measures.
She defined that the overall consumption tax on digital providers and intangibles is predicted to yield between $300 million and $4 billion.
Mrs. Williams mentioned the particular consumption tax on non-alcoholic sweetened drinks ought to present about $10 billion.
As for the environmental safety levy, that is being elevated and will yield about $3.6 billion.
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