Antigua tax system: audit, reporting and optimization of taxation of Antigua companies and individuals: VAT, income tax and capital gains

Basic taxes (briefly)

Personal tax 0%
Corporate tax (in detail) The income tax rate is 25%.
Capital gains tax. Details No
VAT. Details Sales tax is similar to VAT. The basic tax rate is 15%.
Other taxes Social contributions, Property taxes
Government fee
Stamp duty Yes

International tax agreement

Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Sweden, Switzerland, Trinidad and Tobago
   
Aruba, Australia, Belgium, Curaçao, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Liechtenstein, Netherlands, Norway, Portugal, Sint Maarten, Sweden, United Kingdom, United States


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Personal Income Tax

There is generally no personal income tax.

Depending on their income, sole traders pay tax at the rate of 0%, 8% and 25% (for income up to XCD 42,000 and up to and above XCD 186,000 respectively).

Corporate Income Tax

The corporate income tax rate is 25%.

The rate may be lower for some financial institutions.

CFC Rules

There are no CFC rules in place.

Withholding Tax

The income of non-resident companies sourced in Antigua and Barbuda, including dividends, interest, and royalties, is subject to withholding tax at the rate of 25%.

Withholding tax may also be levied on other payments to non-residents.

Sales Tax

Sales tax is similar to VAT.

The basic tax rate is 15%.

The rate for hotel accommodation is 12.5%.

Social Security Contributions

Social security contributions are payable at the rate of 13.5% (5.75% by the employee and 7.75% by the employer) on the employment remuneration not exceeding XCD 78,000.

Property Taxes

Tax is paid on land. The rates depend on the category and size of the land.

Tax is paid on the market value of real estate; the rates vary from 0.1% to 0.5% depending on the category of the land.

Stamp duty is levied on real estate transactions (7.5% payable by the seller and 2.5% by the buyer), as well as on some other transactions.

Double taxation treaties

Antigua has entered into the following tax information exchange arrangements:

1 DTC: Switzerland.

16 TIEAs: Australia, Belgium, Canada, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, New Zealand, Norway, Portugal, Sweden, United Kingdom.

Exchange Control

There are generally no significant foreign exchange restrictions.

Special rules apply when making foreign exchange transactions.

    Taxes of Antigua

    Min. rate for corporate tax 25%
    Capital gains tax No
    VAT 15%
    Withholding tax 25%/25%/25%
    Exchange control No
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