Antigua And Barbuda Tax - Daaibooi Curaçao

Welcome to the beautiful islands of Antigua and Barbuda, where the sun, sand, and sea are always just a stone’s throw away. Known for its crystal-clear waters and vibrant culture, Antigua and Barbuda are a popular destination for tourists and expats alike. But did you know that this tropical paradise also offers some of the most favorable tax laws in the Caribbean?

Yes, you heard that right. Antigua and Barbuda not only offer picturesque landscapes and a relaxed way of life but also boasts of a tax system that is incredibly attractive to investors and expats. Whether you’re looking to start a new business or retire in style, this island nation has a lot to offer in terms of tax benefits and financial opportunities.

So, if you’re interested in learning more about the tax laws and investment opportunities in Antigua and Barbuda, then keep reading. In this guide, we’ll take a closer look at the tax system in this Caribbean paradise and explore the various ways in which it can benefit you and your financial future. So, grab a drink, kick back, and let’s dive into the world of Antigua and Barbuda tax!

Is Antigua and Barbuda a tax free country?

Antigua and Barbuda, a small island nation in the Caribbean, is known for its beautiful beaches, rich culture, and vibrant tourism industry. One question many people have when considering a move to or investment in Antigua and Barbuda is whether the country is tax-free.

The answer is no, Antigua and Barbuda is not a tax-free country. However, the tax system in Antigua and Barbuda is relatively simple and straightforward.

Personal Income Tax

Antigua and Barbuda has a progressive personal income tax system, with rates ranging from 10% to 25%. The tax is only levied on income earned within the country, so if you earn income from outside Antigua and Barbuda, you will not be subject to personal income tax.

Corporate Income Tax

The corporate income tax rate in Antigua and Barbuda is 25%. This tax is levied on all companies that operate within the country, regardless of whether the income is earned locally or internationally.

Value Added Tax (VAT)

Antigua and Barbuda has a value-added tax (VAT) system, with a standard rate of 15%. VAT is levied on most goods and services, including imports, with some exemptions for basic necessities such as food and medicine.

Property Tax

There is no property tax in Antigua and Barbuda.

What is the tourist tax in Antigua?

Antigua and Barbuda are two beautiful islands located in the Caribbean, known for their stunning beaches, crystal-clear waters, and vibrant culture. If you are planning a trip to Antigua, it is essential to know about the tourist tax that applies to visitors.

What is the tourist tax?

The tourist tax in Antigua and Barbuda is also known as the “Environmental and Tourism Levy.” It is a fee charged to visitors upon arrival in the country. The tax was introduced in 2018 with the aim of generating revenue to fund environmental protection and sustainable tourism development projects on the island.

How much is the tourist tax?

The tourist tax in Antigua and Barbuda is currently set at USD $5 per person per night. This means that if you are staying in Antigua for five nights, you will be charged USD $25 as a tourist tax upon arrival.

Who has to pay the tourist tax?

All visitors to Antigua and Barbuda, including children, are required to pay the tourist tax. The tax is collected by the immigration officers upon arrival at the airport or seaport.

How is the tourist tax collected?

The tourist tax is collected in cash upon arrival in Antigua and Barbuda. Visitors are required to pay the tax at the immigration desk before proceeding through customs.

What is the tourist tax used for?

The revenue generated from the tourist tax is used to fund environmental protection and sustainable tourism development projects on the island. The funds are used to improve the infrastructure of the island, including roads and public transportation, and to protect the natural resources of the island.

The tax is a small price to pay for the privilege of visiting this beautiful island and contributing to its sustainable development.

What is the withholding tax in Antigua and Barbuda?

Antigua and Barbuda is a beautiful island nation in the Caribbean, known for its stunning beaches, crystal-clear waters, and vibrant culture. If you are planning to invest in Antigua and Barbuda, it is important to understand the country’s tax laws and regulations. One such tax is the withholding tax.

Definition of Withholding Tax

Withholding tax, also known as a retention tax, is a tax that is deducted at the source of income. In other words, it is a tax that is collected by the payer of the income rather than the receiver. The payer is required to deduct a percentage of the payment made to the recipient and remit it to the government on their behalf.

Withholding Tax in Antigua and Barbuda

In Antigua and Barbuda, withholding tax is levied on certain types of income, including:

Interest payments
Royalties
Management fees
Dividends
Technical service fees

The withholding tax rate in Antigua and Barbuda is generally 25% of the gross payment made to the non-resident individual or entity. However, the rate may vary depending on the type of income and the country of residence of the recipient. It is important to note that Antigua and Barbuda has tax treaties with several countries, which may impact the withholding tax rate.

Exemptions and Relief

There are certain exemptions and relief provisions available for withholding tax in Antigua and Barbuda. For example, if the recipient of the income is a resident of a country that has a tax treaty with Antigua and Barbuda, the withholding tax rate may be reduced or eliminated. Additionally, certain types of income may be exempt from withholding tax, such as interest payments on government securities.

Which Caribbean island is a tax haven?

When it comes to tax havens in the Caribbean, one of the most well-known options is Antigua and Barbuda. The country has become a popular destination for investors seeking to take advantage of its favorable tax laws and low tax rates.

Antigua and Barbuda Tax Laws

Antigua and Barbuda offers a range of tax incentives to individuals and businesses, including:

No personal income tax
No inheritance tax
No capital gains tax
No gift tax
No wealth tax

In addition, the corporate tax rate in Antigua and Barbuda is just 25%, which is significantly lower than many other Caribbean nations. These tax benefits have made Antigua and Barbuda an attractive option for those looking to establish offshore companies or invest in real estate.

Other Tax Havens in the Caribbean

While Antigua and Barbuda is certainly a popular tax haven in the Caribbean, it is not the only option available. Other countries in the region that offer favorable tax laws and rates include:

The Bahamas
The British Virgin Islands
The Cayman Islands
St. Kitts and Nevis
Barbados

It is important to note, however, that while these countries offer tax benefits, it is still important to comply with all relevant tax laws in your home country. Failure to do so could result in legal and financial repercussions.

The Antigua and Barbuda University of West Indies Fund is an excellent investment opportunity for individuals looking to make a positive impact in the Caribbean. The fund not only provides financial support for higher education but also contributes to the development of the region’s economy and future workforce. By investing in this fund, you are not only making a sound financial decision but also investing in the future of the Caribbean. It’s an opportunity to give back and make a lasting impact on the lives of students and the community as a whole. So, if you’re considering investing in the Caribbean, the Antigua and Barbuda University of West Indies Fund is definitely worth considering.

We’ve written other detailed articles about Antigua and Barbuda, check them below:

More about the author:

Martis is a seasoned expat from the Netherlands who has made the vibrant island of Curaçao his home. With his extensive knowledge and first-hand experience of the Caribbean lifestyle, he has become a trusted guide for those seeking to explore, invest, or settle in this tropical paradise.

His journey began when he fell in love with the island’s breathtaking beaches, rich culture, and the warm hospitality of its people. This love affair with Curaçao inspired him to create daaibooi.com, a comprehensive resource for all things related to life, tourism, and investment opportunities in Curaçao.

In essence, Martis is more than just an expat living in the Caribbean – he’s a knowledgeable guide, a seasoned investor, and most importantly, a passionate advocate for the Caribbean lifestyle. His writings on daaibooi.com are a testament to his love for Curaçao and his commitment to helping others discover the joys of Caribbean life.