Taxation is one of the most significant concerns for business people, and when considering investment immigration to Antigua, one must be familiar with the local tax policies. Overall, Antigua possesses a favorable tax system and is renowned as a financial center in the Caribbean region due to its exemption from personal income tax, net worth tax, gift tax, and inheritance tax, making it a preferred choice for business expansion.
The main types of taxes in Antigua are as follows:
1、Corporate Tax
There are two types of local corporate taxes: 40% for joint-stock companies and 25% for non-joint-stock companies. However, local manufacturing and foreign-invested enterprises aimed at export can enjoy tax reductions for 10-15 years. The extent of the tax reduction depends on the percentage of export profits relative to total profits, ranging from 25% to 50%.
2、Import Duties
Customs duty rates for imported goods range from 5% to 70%. Food items are approximately 35%, daily necessities are about 20%, large machinery is about 5%, and construction materials are about 25%. Additional surcharges are applied to certain imported goods, such as tobacco, cement, petroleum products, vans, general trucks, and some timber.
3、Indirect Taxes
Indirect taxes are an important source of fiscal revenue for the government of Antigua and Barbuda. For export-oriented manufacturing, tourism, and other approved enterprises, indirect taxes may be exempted. Indirect taxes mainly include the following:
（1）Consumption Tax
Consumption tax is levied on goods produced and sold in Antigua and Barbuda as well as on imported goods. The basic consumption tax rate is 15%, but some imported goods, such as industrial raw materials, machinery and equipment, and hotel renovation materials and equipment, may be exempt from consumption tax.
（2）Customs Surcharge
For goods exempt from import consumption tax, a 3% surcharge is levied based on the CIF value.
（3）Customs Service Tax
A customs service tax of 5% of the CIF value is levied on all imported materials.
（4）Insurance Tax
Insurance companies or agents shall pay 3% of their insurance premium income (or commissions) as insurance tax, covering property, life, and other insurance, excluding automobile insurance.
（5）Stamp Duty
A、Real Estate Stamp Duty
The seller is required to pay a stamp duty of 5% of the value; the buyer is required to pay 2.5%. The value of the real estate is based on the assessment by the Chief Valuation Officer appointed by the government.
B、Mortgage Stamp Duty
A mortgage stamp duty of 0.6% is levied upon the registration and discharge of a mortgage.
（6）Tax on Undeveloped Land Owned by Non-Citizens of Antigua and Barbuda
Non-citizens of Antigua and Barbuda who fail to develop their land in a timely manner are subject to taxation based on the value of the land according to the following standards: 5% in the first year; 10% in the second year; 15% in the third year; and 20% in the fourth year and thereafter.
4、Personal Income Tax
Since 1976, citizens of Antigua and Barbuda have been exempt from personal income tax. Foreigners working in Antigua and Barbuda are required to pay personal income tax, though personnel of foreign-invested and joint-venture enterprises may apply to the Ministry of Finance for tax exemption.
Worldway Immigration Expert Tip: Antigua has no tax burden such as personal income tax, net worth tax, gift tax, or inheritance tax. Citizenship of Antigua and Barbuda offers unparalleled advantages in legal tax avoidance and wealth succession. In 2013, the country passed the Citizenship by Investment Act. Currently, Antigua has launched a government-supported, safe, and reliable immigration real estate project—the Antigua High-End Residential Apartment Project, located in a high-end community in the tourism center. Investing in this project allows for the rapid acquisition of a Commonwealth passport in one step, enjoying benefits such as British-style education, recognition of dual citizenship, offshore port access, and a tax haven. For more information on the rapid naturalization policy of Antigua, please consult 400-138-2929
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