Tuesday 15 October, 2019

Entertainment Tax goes into effect in Antigua and Barbuda

Event promoters in Antigua and Barbuda will now have to pay taxes on their ticket sales as an entertainment tax goes into effect.

The tax, which was re-introduced after a two-year moratorium, took effect from January 2, the Inland Revenue Division announced.

The tax will see events making between zero to $100,000 pay a flat fee of $1500 while all-inclusive events making than $100,000 will pay a two percent tax.

A four percent tax will apply on all events that are not all-inclusive and grossing over $100,000.

Artistes outside of the CARICOM will be subject to a withholding tax of 25 percent.

Anyone organising a ticketed or paid event will have to apply to the IRD for an event certificate, be in good standing for all taxes with the relevant departments and bring all paper tickets to be stamped before all events. 

 

 

Get the latest local and international news straight to your mobile phone for free: