The government has announced a new date by which it would which repeal the Personal Income Tax (PIT), in order to fulfil one of its manifesto promises.
Reporting on the decision taken by Cabinet, yesterday, Chief of Staff Lionel “Max” Hurst said: “We believe that by July 1 … it’s taking a little while; the Inland Revenue Department (IRD) has to re-organise the way it does business in order for it to take on this new change.”
This is the third date set by the Antigua Barbuda Labour Party government to remove the tax since it came to power nearly two years ago.
When he presented the 2016 Budget in February, Prime Minister Gaston Browne originally proposed an April 1 removal date, but Hurst subsequently said workers would cease to pay the tax in May. However, just over a week ago, Browne informed the nation that the PIT would be removed as soon as “practicable”.
(More in today’s Daily Observer)