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Investment Incentives from Budget 2016/2017

The 2016 /2017 national budget was presented in July 2016 under the theme “Building A More Resilient Dominica”. Several Investment Incentives were highlighted as part of the presentation; this is expected to create much-needed growth in the economy. They include: Increased In The VAT Registration Threshold The VAT Registration Threshold has been increased effective 1.. read more

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Concessions For The Hotel Sector: 2015/2016 National Budget

Amendments to the VAT Act to include the exemption of VAT on meals to hotel/resort employees provided free of charge. This matter was strongly put forward by the private sector as necessary for ensuring quality service. Amendments to the VAT Act to zero rate complimentary rooms provided by hotels and resorts for select approved marketing.. read more

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Private Sector benefits from 2014/2015 Budget

The 2014 /2015 national budget was presented in July under the theme “Towards Expansion of the Economy”. As part of the presentation, several private sector economic stimuli, toward the expansion of the economy were revealed. They include: Reduction of corporate tax form 30% to 25% over a two year period effective January 2015. Many businesses will.. read more