Government meeting its tax target

Tuesday, May 13, 2014 11:46 PM - George's, Grenada
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ST. GEORGE’S, GRENADA, May 13, 2014 – GIS: The Grenada government says it has met its tax target for the first quarter of 2014.

Permanent Secretary in the Ministry of Finance, Timothy Antoine, says government has been collecting 40 million dollars in revenue on a monthly basis, a trend that is expected to continue.

Antoine said that figure is five million more than the 35 million dollars collected monthly last year.

“Most of the tax types have performed better, obviously the leading one is the personal income tax. We have also seen improvements in the collection of the property tax,” Antoine said during Tuesday’s post cabinet news conference.

“We have seen improvements with respect to certain service charges. [That is] to say, we continue to work very hard to make sure that everyone is making their contribution. So while we say we have met our targets, which is a fact, we do recognize that there are persons still to come into the net and that is what we are working on,” Permanent Secretary Antoine said.

Mr. Antoine says as a result of revenue collected by Customs and Inland Revenue, government is continuing its mission to narrow the fiscal gap.




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