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Grenada gov't announce new tax measures

Published:Thursday | October 31, 2013 | 1:57 PM

The Grenada government has announced new tax measures it says will help provide much needed revenue and has urged the private sector not to use the measures to lay off workers.



In a nationwide radio and television broadcast last night Prime Minister Dr Keith Mitchell said his administration had agreed that persons earning more than XCD$60,000 annually would now pay tax of 30 per cent.



Mitchell who is also finance minister, said also that those earning between XCD$30 and XCD$36,000 could now pay 15 per cent.



He said the implementation of new tax measures is necessary as his government puts structures in place to increase revenue.



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