The Caribbean British territory of Anguilla is to introduce a 13% Goods and Services Tax (GST) on 1 July 2022.
Mandated business may now start the registration process 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%. For regular free updates register for our global VAT and GST news.
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 may start to register this month 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:
- Residential Dwellings
- Financial services
- Prescription drugs
- Health and related care
- Rental of accommodation (aside from short-term)
- Immovable property