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Grenada delays introduction of elevated tax on sugary, alcoholic, and tobacco merchandise

The Grenada authorities on Tuesday introduced a one-month delay within the implementation of a rise within the Excise Tax on alcohol and tobacco merchandise in addition to Worth Added Tax (VAT) on sugar, sugary or carbonated drinks.

“In relation to the tax on the sugary drinks we’re going to push again the date for this to turn into efficient from the primary of March moderately than the primary of February as a result of we’d like the extra time to make it possible for the objects are clearly recognized, clearly labeled and clearly revealed and that there isn’t any ambiguity,” Prime Minister Dickon Mitchell advised a information convention.

Mitchell, who can also be the minister of finance, had in his price range assertion final December introduced that as of February 1, this 12 months, alcohol and tobacco product will see a rise within the excise tax, whereas refined sugar shall be faraway from the zero rated VAT listing and the VAT on sugary merchandise will enhance to twenty %.

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However on the first post-cabinet information convention for the 12 months, Mitchell advised reporters that his administration wished to have extra discussions with the varied stakeholders who shall be straight affected by the taxes.

“We felt we wanted that further time to take action and to speak with the stakeholders who shall be impacted by this measure,” he stated, as he supplied extra justification for the delay of the Excise Tax.

Prime Minister Mitchell, who offered a decision for the rise to the Parliament final Friday, stated that the delay for enforcement is to determine the listing of merchandise that shall be affected.

“Because it pertains to the Excise Tax on alcohol and cigarettes we’re additionally going to push the date again to the primary of March, in order that we will clearly determine the entire alcoholic objects, the truth that the Excise Act was handed a very long time in the past and what you referred to as tobacco when it was handed just isn’t essentially what chances are you’ll name tobacco at present,” he stated.

“There are new merchandise, for instance, e-cigarettes and so forth which at the moment are in the marketplace, and we have to make it possible for we tackle these nuisances as a part of the method, so we’d like the extra time to handle it and so we are going to push the date again to March 1,” he added.



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