Beautiful Virgin Islands

Monday, Sep 01, 2025

Grenada delays tax hike on sugary, alcoholic & tobacco products

Grenada delays tax hike on sugary, alcoholic & tobacco products

The Grenada government has announced a one-month delay in the implementation of an increase in the Excise Tax on alcohol and tobacco products as well as Value Added Tax (VAT) on sugar, sugary or carbonated drinks.
“In relation to the tax on the sugary drinks we are going to push back the date for this to become effective from the first of March rather than the first of February because we need the additional time to make sure that the items are clearly identified, clearly classified and clearly published and that there is no ambiguity,” Prime Minister Dickon Mitchell told a news conference.

Mitchell, who is also the Minister for Finance, had in his budget statement last December announced that as of February 1, this year, alcohol and tobacco product will see an increase in the excise tax while refined sugar will be removed from the zero rates VAT list and the VAT on sugary products will increase to 20 per cent.

But at the first post-cabinet news conference for the year, Mitchell told reporters that his administration wanted to have more discussions with the various stakeholders who will be directly affected by the taxes.

“We felt we needed that additional time to do so and to communicate with the stakeholders who will be impacted by this measure,” he said, as he provided more justification for the delay of the Excise Tax.

Prime Minister Mitchell, who presented a resolution for the increase to the Parliament last Friday, said that the delay for enforcement is to identify the list of products that will be affected.

“As it relates to the Excise Tax on alcohol and cigarettes we are also going to push the date back to the first of March, so that we can clearly identify all of the alcoholic items, the fact that the Excise Act was passed a long time ago and what you called tobacco when it was passed is not necessarily what you may call tobacco today,” he said.

“There are new products, for example, e-cigarettes and so on which are now on the market, and we need to make sure that we address those nuisances as part of the process, so we need the additional time to address it and so we will push the date back to March 1,” he added.

Last December, the government announced that the tax measures, Mitchell said the Excise Tax increase is aimed at recouping revenue given up through its cost-of-living relief measures. Mitchell said then that government would have lost as much as EC$30 million (One EC dollar=US$0.37 cents).

“Given the significant potential loss of revenue by the fiscal measures implemented by this Government this is just one of the many counteracting measures that the government has taken from our fiscal policy to address this,” Prime Minister Mitchell told Parliament.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×