tax

Op-Ed: A New Beginning for Puerto Rico

Airbnb Signs Tax Deal with Quintana Roo

Airbnb is making major moves in the Mexican Caribbean. The home sharing giant recently announced the signing of a tax deal with the Mexican state of Quintana Roo, home to the country’s Caribbean destinations like Cancun and Tulum. As part …

Puerto Rico to Hold Major Investment Forum

Puerto Rico is holding its first-ever Invest Puerto Rico Forum next month, Governor Ricardo Rossello announced this week. The forum will take place Sept. 20-21 at the Puerto Rico Convention Center, gathering more than 500 investors and entrepreneurs with an …

How Passenger Taxes Are Hurting Caribbean Aviation

By By Cdr. Bud SlabbaertOp-Ed Contributor What the Caribbean needs is so simple: rapid, reliable mobility at reasonable rates. What makes it so difficult? It is almost as short and simple to explain. There are two players; the aviation industry …

Antigua and Barbuda Is Abolishing Its Personal Income Tax

Another Caribbean island will soon be without a personal income tax. Antigua and Barbuda will be abolishing its personal income tax beginning in April, the government announced this week. The personal income tax, which had been introduced in 2004, had …

US Virgin Islands Braces for Increased Hotel Room Tax

Hoteliers in the US Virgin Islands are bracing for the introduction of an increased hotel tax on the island. The new hotel room tax will rise from 10 percent to 12.5 percent beginning Jan. 1, 2016. The tax rate will …

The US Virgin Islands Is Raising Its Hotel Tax

By the Caribbean Journal staff The US Virgin Islands’ hotel tax is going up. The United States Caribbean territory has announced that its hotel room tax will increase to 12.5 percent from 10 percent, a 25 percent increase. US Virgin …

St Kitts and Nevis, United States Sign FATCA Agreement

Another country to implement FATCA By the Caribbean Journal staff St Kitts and Nevis has signed an agreement with the United States to implement the US Foreign Account Tax Compliance Act. The act, which was enacted by Congress in 2010, requires foreign …

How to Move to St Thomas, US Virgin Islands

It’s a dream for many — picking up and moving to the Caribbean. And every year, many people do just that. Of course, moving to any island has its own benefits and challenges — and we’re here to help. Our new …

11 Things Caribbean Islands Need to Do

By Dr Miguel Goede and Runy CalmeraCJ Contributors In a recent article in this series about the Future of the Caribbean, we discussed the opportunities for managers, business owners and policy makers in the Caribbean. When seizing the opportunities there …

What the New Value Added Tax Means for Visitors to the Bahamas

Above: Nassau (CJ Photo) By the Caribbean Journal staff The Bahamas has officially implemented a new Value Added Tax regime, one which will effectively mean a slight reduction in taxes for visitors. Value Added Tax is a consumption tax on …

St Kitts and Nevis, India Sign Tax Information Exchange Agreement

Above: St Kitts (CJ Photo) By the Caribbean Journal staff The governments of St Kitts and Nevis and India have signed a tax information exchange agreement. The agreement was signed by St Kitts and Nevis’ Ambassador to the United Nations, …

The Caribbean’s Air Tax Problem

Above: St Thomas (CJ Photo) By Alexander Britell ST THOMAS — On a recent visit to Liat.com, a ticket from Antigua to neighbouring St Kitts cost $108.00. With taxes and fees, however, the price jumped almost 70 percent — an …

Ranking the Caribbean on Tax Revenue

Above: Trinidad and Tobago (CJ Photo) By the Caribbean Journal staff Which Caribbean countries collect the most in tax revenue? To find out, we looked at recently-released 2012 World Bank data on tax revenue collected by central governments around the …

Cayman Islands, Colombia to Sign Tax Information Agreement

Above: the Cayman Islands (CJ Photo) By the Caribbean Journal staff The Cayman Islands and Colombia will sign a tax information exchange agreement on July 1, the government announced. The TIEA will “be in accordance with global regulatory standards.” The …

Antigua Changes Income Tax Rates

Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua has modified its income tax structure, with a series of reductions, according to Finance Minister Harold Lovell. The biggest change will see the personal allowance for computing income tax increase …

Grenada Tourism Minister: British APD “Keeping Families Apart”

Above: Grenada By the Caribbean Journal staff The Air Passenger Duty on flights originating in the United Kingdom continues to rise, despite significant opposition from the Caribbean region and the UK tourism industry. Following the announcement by British Chancellor of …

Cayman Islands and United States Sign FATCA Agreement

Above: the US Treasury Department in Washington By the Caribbean Journal staff The Cayman Islands and the United States have signed an agreement that will pave the way for the automatic exchange of tax information under the US’ FATCA law. …

Cayman, Poland Sign Tax Agreement

By the Caribbean Journal staff The Cayman Islands and Poland signed a Tax Information Exchange Agreement on Friday. Cayman’s Minister of Financial Services, Wayne Panton and Poland’s Ambassador, Witold Sobkow, signed on behalf of their respective governments. The deal was …