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  • Inland Revenue Department Announces Repeal of Temporary Relief on ABST for Selected Items

Inland Revenue Department Announces Repeal of Temporary Relief on ABST for Selected Items

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The Inland Revenue Department has issued a statement regarding the repeal of temporary relief on Antigua and Barbuda Sales Tax (ABST) for certain essential items. The decision, outlined in Cabinet Decision No. 20 item 14 of October 18′, 2023, comes into effect on January 1st, 2024, and will see the reinstatement of the standard ABST rate of 17% on specific products.

The items that were temporarily relieved from ABST, and will now revert to the standard rate, include a range of essential goods that gained relief during the past period. These items are categorized as follows:

1. Antiseptics:

  • VI
  • Rubbing Alcohol (green and plain)
  • Alcolado
  • Hydrogen Peroxide
  • Dettol (antiseptic)
  • Salve
  • Florida Water

2. Wipes:

  • Disinfectant wipes (Clorox, Lysol, etc.)
  • Cleaning wipes

3. Sanitizers:

  • Personal use
  • Commercial use (in gel, foam, liquid, spray, etc.)

4. Toilet Paper and Paper Towel

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5. Aloe Vera Gel

6. Vitamins:

  • Vitamin C
  • Multivitamins

The temporary relief on these items was introduced to support public health efforts during challenging times. However, with the expiration of the relief period, the Inland Revenue Department has decided to revert to the standard ABST rate on these essential goods.

The Commissioner of Inland Revenue, Calch. [Last Name], urged the public to take note of these changes and comply with the revised ABST rates. The announcement aims to ensure transparency and clarity for both consumers and businesses affected by the adjustment.

For any further inquiries or clarification, individuals and businesses are encouraged to reach out to the Inland Revenue Department for guidance. The department remains committed to providing assistance and information to the public as needed.

This decision aligns with ongoing efforts to balance economic considerations with public health concerns. The Inland Revenue Department acknowledges the importance of these essential items and assures the public that the decision is made with careful consideration of the overall well-being of the community.

About Inland Revenue Department: The Inland Revenue Department is responsible for administering and enforcing tax laws in Antigua and Barbuda. Committed to fair and transparent tax practices, the department plays a crucial role in revenue collection for the government.

 

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]