IMF urging Grenada to discontinue tax amnesty programme

The International Monetary Fund has urged the Grenada government to discontinue a tax amnesty programme that came into effect in January and will end on December 31.

Huidan Lin, who headed an IMF mission to Grenada for the Article IV Consultations, says it was emphasized to the Grenada government that this should be the last tax amnesty.

Lin says the government will have to engage in stronger enforcement to collect its taxes.

The Grenada government announced the tax amnesty during the 2023 budget presentation by then Finance Minister Dickon Mitchell.

He said the government is owed more than EC$777 million in outstanding taxes, late fees, and penalties, and the amnesty was intended to recoup the funds.

comments powered by Disqus
Most Popular
JTA raises alarm after CXC discontinues...