The Caribbean British territory of Anguilla has introduced a 13% Goods and Services Tax (GST) on 1 July 2022.
Mandated business may now register if they are above the GST registration thresholds (see below).
Introducing a full consumption tax has been debated many times over the past decade, and received backing from the International Monetary Fund. And GST or VAT would replace the following taxes:
- Import duty and surcharges
- Stamp Duty
- Hotel Accommodation Tax
- Motor Vehicle Licenses
- Bank Deposit Levy
- Property Tax
- Entertainment Tax
- Communication Levy
- Environmental Levy
- Interim Goods Tax
The average VAT rate in other Caribbean islands is 16%. 172 countries have a VAT or GST regime as at July 2022.
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GST registration threshold
There is a GST registration threshold of ECD 300,000 (approx $110,000 or €97,000). However, businesses from the following sectors must register even if below this threshold:
- Hotels and similar short-term accommodation
- Auctioneer houses
- Live, pubic entertainment organisers
Business have already been registering with the Comptroller of the Inland Revenue Department. Following this, returns must be completed on a monthly basis. They must be filed, with any GST due settled, by the 20thof the month following.
Exports will be zero-rated; the following supplies will be exempt:
- Education
- Residential Dwellings
- Financial services
- Medical
- Prescription drugs
- Health and related care
- Rental of accommodation (aside from short-term)
- Immovable property
- Fresh fruit
- Baby formula
GST returns compliance
The Inland Revenue department has confirmed that returns are due by the 20th of the month following the reporting month. So the first GST return is due by 20th August 2022.
Compiling Anguilla GST returns is complex, time consuming and fraught with tax liability risks. VAT Calc’s single platform VAT Filer can accurately complete any country filings with verified transactional data from our VAT Calculator or VAT Auditor integrated tools.