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![SWEETENED BEVERAGES TAX]()
SWEETENED BEVERAGES TAX
To view Value Added Tax (Amendment) (No. 2) SRO. 12 Regulations ... click here
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![TAXES ON ALCOHOL AND CIGARETTES]()
TAXES ON ALCOHOL AND CIGARETTES
Government acknowledges the impact of tobacco use on citizens’ health and has therefore increased the excise tax on cigarettes to reduce consumption.
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![ENVIRONMENTAL LEVY (EVL) ON WATER USE]()
ENVIRONMENTAL LEVY (EVL) ON WATER USE
That the EVL collected on Electricity and Water goes directly to the Grenada Solid Waste Management Authority (GSWMA) to support their efforts to keep our environment clean and safe.
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![ELECTRICITY SUBSIDY FOR HOUSEHOLDS AND OTHER RELIEF MEASURES TO LOWER ENERGY COSTS]()
ELECTRICITY SUBSIDY FOR HOUSEHOLDS AND OTHER RELIEF MEASURES TO LOWER ENERGY COSTS
The Government slashed the VAT rate on electricity consumption from 15% to 7.5% for all categories of consumers, where applicable.
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![REINSTATEMENT OF PETROL TAX AT A REDUCED RATE]()
REINSTATEMENT OF PETROL TAX AT A REDUCED RATE
In September 2022 as prices remained above normal, Government sought to completely remove its EC$5.50 petrol tax on the price of gasoline and diesel.
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GOVERNMENT INITIATIVE TO UPGRADE TO “D CLASS” LICENCE IN GRENADA
The Royal Grenada Police Force announces a new government initiative where individuals holding a B, C, or C1 Class driver’s licence can upgrade to a D Class licence without undergoing any further driving test.
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To effectively plan, generate, allocate and account for resources through the implementation of fiscal and economic policies and the facilitation of social and environmental policies in co-operation with other agencies thereby providing and enabling sustainable growth and development.
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Efficient and effective delivery of finance and economic services to the national, regional and international communities, through strong leadership role in planning and management of the available resources.
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The Minister of Finance, Planning, Economy, Energy, & Co-operatives exercises general control and direction. The administrative head of the Ministry is the Permanent Secretary. There is also two deputy Permanent Secretary.
The Ministry is divided into the following departments:
- Administration
- Accountant General’s Division
- Inland Revenue Division
- Division of Customs and Excise
- Central Statistics Office
- Government Printery
- Budget Unit
- Debt Unit
- Policy Unit
- Project Coordination Unit
- Public Procurement Unit
- Physical Development Unit
- Trade Unit
- Basic Needs Trust Fund (BNTF)
- Economic and Technical Cooperation
- Market Access and Rural Enterprise Development Programme (MAREP)
A Department Head, who reports directly to the Permanent Secretary, manages each department.
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The Ministry of Finance, in pursuit of its mission, has a wide mandate with responsibility for:
- Economic planning
- Budgeting
- Debt management
- Economic policy formation
- Resource mobilization
- Cash management
- Tax administration
- Supporting decision-making processes in the public and private sectors
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