ANTIGUA AND BARBUDA
INCOME TAX (AMENDMENT) BILL, 2019
No. of 2019
Income Tax (Amendment) Bill, 2019 No. of 2019
2
No. of 2019 Income Tax (Amendment) Bill, 2019 The Personal Income Tax (Amendment) Act, 2013
3
ANTIGUA AND BARBUDA
INCOME TAX (AMENDMENT) BILL, 2019
NO. OF 2019
ARRANGEMENT OF CLAUSES
CLAUSES
1. Short title
2. Interpretation
3. Amendment of section
Income Tax (Amendment) Bill, 2019 No. of 2019
4
ANTIGUA AND BARBUDA
INCOME TAX (AMENDMENT) BILL, 2019
No. of 2019
AN ACT to amend the Income Tax Act, Cap. 212
ENACTED by the Parliament of Antigua and Barbuda as follows:
1. Short title
This Act may be cited as the Income Tax (Amendment) Act, 2019
2. Interpretation
In this Act, “principal Act” means the Income Tax Act, Cap. 212.
3. Amendment of section 32
The principal Act is amended in section 32 by inserting after subsection (3) a new subsection (4) as
follows –
“(4) Notwithstanding the provisions of paragraph (b) of subsection (1) and the provisions of
subsection (3), the rate of tax on the net income of all commercial banking institutions registered
under the Banking Act, all Insurance Companies registered under the Insurance Act, all Petroleum
Companies and all Telecommunication Companies in respect of each income year in the period
commencing on the 1st January 2019 and ending on the 31st December 2020 shall be ten percent per
dollar of the net income.”
Passed by the House of Representatives
on the , 2019.
Passed by the Senate
on the , 2019
Speaker. President.
Clerk to the House of Representatives.
Clerk to the Senate.
No. of 2019 Income Tax (Amendment) Bill, 2019 The Personal Income Tax (Amendment) Act, 2013
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EXPLANATORY MEMORANDUM
The purpose of this amendment is to assist in funding the 4th Landed campus of the UWI.
Hon. Gaston Browne
Minister with responsibility for
Corporate Governance