DATE: February 13, 2014 NO. 10/2014
GRENLEC TOPPED THE CUSTOMS AND EXCISE LIST OF EXEMPTIONS IN 2013
ST. GEORGE’S, GRENADA Thursday, February 13, 2014: Under the Homegrown Programme, Government has made the decision to reduce concessions to help improve revenue collection commencing with the most profitable companies.
The additional revenue will help close Government's monthly fiscal gap. Most importantly, closing this gap will trigger the release of approximately EC$90 million per year from development partners that will allow for the provision of vital services as health and education as well as financing of Government's capital development programme.
Based on Government’s assessment of concessions given for 2013,GRENLEC once again topped the list of exemptions at the Customs and Excise Division, with exemptions totaling $31.8 million.
The entities/groups receiving the most exemptions were:
1. Grenada Electricity Company - $31.4 million
2. Tourism (mainly hotels) - $28.4 million
3. Manufacturing - $ 9.7 million
4. St. George’s University - $5.8 million
5. Statutory Bodies - $4.7 million
6. Religious Bodies - $3.4 million
7. Construction - $3.3 million
8. Returning Nationals - $3.3 million
Excluding Goods of CARICOM Origin ($21.5 million) and Government Imports and Contracts ($14.7 million), total Customs exemptions in 2013 were $99.7 million.
It should be noted that these exemptions refer only to Customs and Excise. They do not include exemptions from Inland Revenue.
Government has already taken action to reduce the concessions given to GRENLEC and will be proceeding to do same with other companies and organisations.
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215 BUDGET 2017 CONSULTATIONS MOVE TO CARRIACOU
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213 REGIONAL COMPUTER ASSISTED PERSONAL INTERVIEWING TRAINING
211 REGIONAL COMPUTER ASSISTED PERSONAL INTERVIEWING TRAINING
210 DIAGNOSTIC ASSESSMENT OF THE CONSUMER PROTECTION LANDSCAPE IN THE OECS REGION
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202 ADJUSTMENT TO PETROLEUM PRICES FOR SEPTEMBER 2016
201 2017 BUDGET PREPARATION PICKS UP PACE AS DATE IS SET FOR BUDGET PRESENTATION
200 GRENADA TO BENEFIT FROM REGIONAL DEMONSTRATION PROJECT FOR THE REFRIGERATION AND AIR-CONDITIONING SECTOR
199 PRIME MINISTER MEETS WITH STATUTORY BODIES AND STATE OWNED ENTERPRISES
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195 NEW TELEPHONE SYSTEM AT DIVISION OF CUSTOMS AND EXCISE
194 NATIONAL CONSULTATION ON EXPORT STRATEGY
193 ADJUSTMENT TO PETROLEUM PRICES FOR AUGUST 2016
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182 IRD MAKING IT EASIER TO PAY PROPERTY TAXES
181 RELOCATION OF OFFICES
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179 ADJUSTMENT TO PETROLEUM PRICES FOR JUNE 2016
178 GOVERNMENT PENSION INFORMATION
177 MANUFACTURER'S SUPPORT PROGRAMME UPDATE
176 ANOTHER SUCCESSFUL REVIEW FOR GRENADA AS IMF EXECUTIVE BOARD
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172 INLAND REVENUE AUCTION SALE
171 ADJUSTMENT TO PETROLEUM PRICES FOR MAY 2016
170 CARIFORUM-EU COMPETITION LAW AND POLICY TRAINING SEMINAR IN GRENADA
169 ENERGY PLANNING CAPACITY BUILDING PROGRAMME FOR GRENADA
168 COME OUT AND PARTICIPATE IN CONSULTATION ON DRAFT ELECTRICITY REGULATIONS
167 ADJUSTMENT TO PETROLEUM PRICES FOR APRIL 2016
166 LAUNCH OF THE NATIONAL EXPORT DEVELOPMENT CORE DESIGN TEAM
165 OFFICIAL LAUNCH OF RENEWABLE ENERGY FOR RURAL DEVELOPMENT PROJECT
164 CUSTOMS OFFICERS COMPLETE TRAINING IN OZONE DEPLETING SUBSTANCES (ODS)
163 DRIVERS’ LICENCE BOOKS WILL NO LONGER BE ACCEPTED AS OF JUNE 1ST, 2016
162 I NVITATION FOR STANDING UNDER THE MANUFACTURERS’ SUPPORT PROGRAMME FOR 2016
161 IRD ADVISES BUSINESSES ON CURRENT ANNUAL STAMP TAX RATES
160 BUY LOCAL EXHIBITION AT GRENVILLE CAR PARK
159 CUSTOMS OFFICERS’ TRAINING IN OZONE DEPLETING SUBSTANCES
158 INCOME TAX FILING AND PAYMENT DUE ON MARCH 30th DUE TO LEAP YEAR
157 ADJUSTMENT TO PETROLEUM PRICES FOR MARCH 2016
156 IRD ENCOURAGES TAXPAYERS TO FILE AND PAY TAXES DUE ON TIME
155 FOURTH INTERNATIONAL MONETARY FUND (IMF) REVIEW OF GRENADA’S HOMEGROWN ...
154 ADJUSTMENT TO PETROLEUM PRICES FOR FEBRUARY 2016
153 SUCCESSFUL MADE IN GRENADA EXPO
152 WORLD BANK MISSION IS IN GRENADA FEBRUARY 2-5, 2016
151 SUPPORT WHAT’S MADE IN GRENADA - BUY LOCAL WEEK
150 GRENADA HAS HAD AS SUCCESSFUL START TO ITS RGSM ACTIVITIES FOR 2016
149 CDB MISSION STAFF APPRAISAL & SUPERVISION MISSION - BNTF
148 MINISTRY OF FINANCE AND FINANCE OFFICERS DISCUSS IMPLEMENTATION OF BUDGET 2016
150 GRENADA HAS HAD AS SUCCESSFUL START TO ITS RGSM ACTIVITIES FOR 2016
149 CDB MISSION STAFF APPRAISAL & SUPERVISION MISSION - BNTF
148 MINISTRY OF FINANCE AND FINANCE OFFICERS DISCUSS IMPLEMENTATION OF BUDGET 2016
147 CANADIAN SPONSORED WORKSHOP WRAPS UP FUNDED PROGRAM
146 ADJUSTMENT TO PETROLEUM PRICES FOR JANUARY 2016
145 WASTE TO ENERGY EXPO AND CONFERENCE
144 INCOME TAX AMENDMENT
143 BUY LOCAL MADE IN GRENADA CAMPAIGN, 2016
142 CONGRATULATIONS TO PS TIMOTHY ANTOINE
141 BOARD OF SURVEY ON JANUARY 4th, 2016
140 ADJUSTMENT TO PETROLEUM PRICES FOR DECEMBER 2015
139 DEMONSTRATION ON ELECTRICITY GENERATION USING LIQUEFIED NATURAL GAS
138 2016 ESTIMATES OF REVENUE AND EXPENDITURE AVAILABLE ONLINE
137 OECS COMMISSION PARTNERS WITH THE INTERNATIONAL TRADE CENTRE (ITC) ..
136 ADJUSTMENT TO PETROLEUM PRICES FOR NOVEMBER 2015
135 PRESENTATION OF THE 2016 BUDGET
134 Early Closure of DRO in St. David’s on Thursday, 12th November
133 GRENADA DEBT EXCHANGE OFFER SUCCESSFUL
132 IRD COMMENCES OUTREACH SESSIONS WITH LARGE AND MEDIUM TAXPAYERS
131 ADJUSTMENT TO PETROL TAX
130 ADJUSTMENT TO PETROLEUM PRICES FOR OCTOBER 2015
129 EARLY CLOSURE OF VALUATION UNIT AT MINISTRY OF FINANCEON THURSDAY, OCTOBER 15TH, 2015
128 IRD TO COMMENCE OUTREACH WITH LARGE AND MEDIUM TAXPAYERS
127 AVOID CONTINUED INTEREST ON YOUR PROPERTY TAX ACCOUNT
126 GRENADA LAUNCHES DEBT EXCHANGE OFFER
125 EARLY CLOSURE OF DRO IN GRENVILLE ON THURSDAY, 8TH OCTOBER
124 2015 LABOUR FORCE SURVEY COMMENCES
123 ADJUSTMENT TO PETROLEUM PRICES FOR SEPTEMBER 2015
122 PUBLIC OUTREACH FOR NATIONAL SUSTAINABLE DEVELOPMENT PLAN (2030) COMMENCES
121 2016 BUDGET PREPARATIONS PICKING UP PACE
120 REVISED DRAFT ELECTRICITY REFORM LAWS PUBLISHED – CALL FOR FURTHER COMMENTS
119 COMMENTS INVITED ON DRAFT TAX ADMINISTRATION BILL
118 NEW COMPTROLLER OF INLAND REVENUE APPOINTED
117 ONLY A FEW MORE DAYS BEFORE PENALTY AND INTEREST CHARGES ARE APPLIED TO PROPERTY TAX
116 ADJUSTMENT TO PETROLEUM PRICES FOR AUGUST 2015
115 REMINDER OF TAXES DUE AND PAYABLE IN AUGUST 2015
114 PUBLIC EXPENDITURE AND FINANCIAL ACCOUNTABILITY (PEFA) ASSESSMENT RECENTLY CONDUCTED
114 PUBLIC EXPENDITURE AND FINANCIAL ACCOUNTABILITY (PEFA) ASSESSMENT RECENTLY CONDUCTED
113 NATIONAL STEERING COMMITTEE AND TECHNICAL WORKING GROUP FOR NATIONAL PLAN CONTINUE
112 REMINDER ON CHANGES MADE TO RETURNING NATIONALS PROGRAMME
111 PROMOTERS OBLIGATION TO PAY TAXES
110 IMPLEMENTATION OF NEW CUSTOMS LEGISLATION
109 FINAL PERIOD FOR PAYMENT OF PROPERTY TAX BEFORE INTEREST AND PENALTIES
108 2ND JOINT MEETING OF STEERING COMMITTEE & TECHNICAL WORKING GROUP HELD ON NATIONAL PLAN 2030
107 STRONG SUPPORT TO PROCEED WITH ELECTRICITY BILL FROM PRIVATE SECTOR
106 IMPLEMENTATION OF NEW CUSTOMS LEGISLATION
105 PROPERTY TAX PAYMENTS CAN NOW BE MADE AT THE TREASURY SUB-OFFICE IN THE GOVERNMENT PRINTERY
104 GRENADA DEMANDS REMOVAL FROM EU BLACKLIST OF TAX HAVENS
103 FINDINGS OF 2014 LABOUR FORCE SURVEY REVEALED
102 TAX AND LICENCE DUE DATES FOR JUNE 2015
101 ADJUSTMENT TO PETROLEUM PRICES FOR JUNE 2015
100 JOINT MEETING OF STEERING COMMITTEE & TECHNICAL WORKING GROUP HELD ON NATIONAL PLAN 2030
99 EARLY CLOSURE OF REVENUE OFFICE IN CARRIACOU
98 IRD COMMENCES FIRST PHASE OF MODERNISATION PROGRAMME
97 OVER ECmodule.5 MILLION DOLLARS APPROVED FOR GRENADA TO COMPLETE THE
PHASE OUT OF OZONE DEPLETING SUBSTANCES
96 LICENSE REQUIREMENT FOR THE IMPORTING AND EXPORTING OF GOODS
95 PROPERTY TAX REMINDER 2015
94 STAKEHOLDER’S CONSULTATION AND VALIDATION WORKSHOP
93 MANUFACTURER’S SUPPORT PROGRAMME UPDATE
93 MANUFACTURER’S SUPPORT PROGRAMME UPDATE
92 Official launch of the development of the National Plan 2030
91 LAUNCH OF NATIONAL PLAN 2030
90 ADJUSTMENT TO PETROLEUM PRICES FOR MAY 2015
89 Media Invitation- Meeting with Unions
88 Save the Date - Launch of the development of the National Plan 2030
87 GRENADA TO PARTICIPATE IN EXPO IN MILAN, ITALY
86 INVITATION FOR STANDING UNDER THE MANUFACTURERS’ SUPPORT PROGRAMME
85 ADJUSTMENT TO PETROLEUM PRICES FOR APRIL 2015
84 Government to meet with Public Sector Unions to discuss new protocol for Statutory Bodies and State Owned Enterprises
83 PROGRAM FOR CLIMATE RESILIENCE (PPCR) APPROVES MORE MONEY FOR CLIMATE RESILIENCE IN GRENADA
82 FILING OF INCOME TAX DEADLINE EXTENDED TO APRIL 30th, 2015
81 SUPPLEMENTAL TO NEWS RELEASE NO. 29/2015, April 8, 2015
80 GOVERNMENT AND GRENLEC COMMENCE DISCUSSING DRAFT ELECTRICITY SUPPLY ACT (ESA)
79 GRENADA AND ITS BONDHOLDERS REACH AGREEMENT IN -
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78 GRENADA - NEW ZEALAND PARTNERSHIP TO EXPLORE GEOTHERMAL POTENTIAL PROGRESSING WELL
77 FINAL CALL FOR COMMENTS ON DRAFT ELECTRICITY SUPPLY BILL
76 March 18, 2015 - SOCIAL PARTNERS TO ROLL OUT ACTION PLAN
75 March 17, 2015 - ADJUSTMENT TO PETROLEUM PRICES FOR MARCH 2015
74 March 17, 2015 - CIVIL SOCIETY NOW FULLY REPRESENTED ON THE CSP
73 March 17, 2015 - CALL FOR COMMENTS ON DRAFT ELECTRICITY REFORM DOCUMENTS
72 March 11, 2015 - REFRIGERATION AND AIR-CONDITIONING TRAINING IN CARRIACOU
71 March 3, 2015 - THE MINISTRY OF FINANCE AND ENERGY TO HAVE MORE DISCUSSIONS WITH TYRE DEALERS
70 March 3, 2015 - THE CENTRAL STATISTICAL OFFICE UNDERTAKES A JOB OPENINGS AND
LABOUR TURNOVER SURVEY (JOLTS) - SURVEY OF LABOUR TURNOVER SKILLS AND VACANCIES
69 March 2, 2015 - MAREP & FINANCIERS SIGN AIDE MEMOIRE
68 February 26 2015 - IMF STATEMENT AT END OF 2ND REVIEW OF HOMEGROWN PROGRAMME
67 February 23, 2015 - PROFILING GRENADA’S SOCIAL, ENVIRONMENTAL AND ECONOMIC RESILIENCE
66 February 19, 2015 - NATIONAL CONSULTATION ON ELECTRICITY REFORM
65 February 17, 2015 - ADJUSTMENT TO PETROLEUM PRICES FOR FEBRUARY 2015
64 January 5, 2015 - GRENADA CONCLUDES 50% HAIRCUT DEBT DEAL WITH THE- - -
EXPORT-IMPORT BANK OF THE REPUBLIC OF CHINA (TAIWAN)
63 December 29, 2014 - BOARD OF SURVEY ON JANUARY 2nd 2014
62 December 23, 2014 - PRIME MINISTER THANKS HIS TEAM AT THE MINISTRY OF FINANCE AND ENERGY
61 November 17, 2014 - ENERGY WEEK 2014
60 November 11, 2014 - PRESENTATION OF THE 2015 BUDGET
59 November 6, 2014 - NATIONAL WORKSHOP ON MULTILATERAL ENVIRONMENTAL AGREEMENTS
58 November 3, 2014 - DISCUSSION OF DRAFT SCOCIAL COMPACT ON GBN TELEVISION – TUESDAY NOVEMBER 4TH, 2014
57 October 30, 2014 - GRENADA CUSTOMS & EXCISE DIVISION
56 October 23, 2014 - LOCAL AGENCIES AND MANUFACTURERS RETURN FROM SUCCESSFUL EXPORT MISSIONS
55 October 17, 2014 - REMINDER TO PROPERTY OWNERS
54 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE IN SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
53 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE ON SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
52 September 24, 2014 - BUDGET CONSULTATIONS PROGRESSING WELL
51 September 24, 2014 - GRENADA MOVING EARLY TO SECURE THE GAINS OF THE HOMEGROWN PROGRAMME
50 September 18, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY 2015 BUDGET PREPARATION MOVING INTO HIGH GEAR
49 September 15, 2014 - VAT REGISTRATION FOR LANDLORDS OVER THE THRESHOLD OF EC0,000 PER YEAR
48 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
47 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
46 September 8, 2014 - CSO TO CONDUCT 2014 NATIONAL LABOUR FORCE SURVEY
45 August 26, 2014 - PRESS BRIEFING ON IMF FIRST REVIEW OF GRENADA’S HOME GROWN PROGRAMME
44 August 6, 2014 - IRD INTENSIFYING ENFORCEMENT AND PENALTIES
43 July 15, 2014 - MAREP’S 1ST SUSTAINABLE EXPOSITION
42 July 10, 2014 - PUBLIC FINANCE MANAGEMENT
41 July 7, 2014 - REGISTRATION PROCESS FOR PROPERTY OWNERS
40 July 7, 2014 - REGISTRATION PROCESS FOR PROPERTY OWNERS
39 July 4, 2014 - REMINDER TO CAP BANK SMALL DEPOSITORS
38 July 4, 2014 - REMINDER TO CAP BANK SMALL DEPOSITORS
37 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
36 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
35 June 30, 2014 - GRENADA AND THE UNITED STATES OF AMERICA REACH AGREEMENT ON FATCA
34 June 27, 2014 - MAKING IT EASY TO PAY TAXES
33 June 20, 2014 - SPECIAL CARIFORUM MEETING IN GRENADA
32 June 13, 2014 - GRENADA TO PARTICIPATE IN 3RD TRADE POLICY REVIEW IN GENEVA
31 June 11, 2014 - BNTF HOSTS REGIONAL PROCUREMENT WORKSHOP IN GRENADA
30 May 23, 2014 - CARIFORUM 11TH EDF PROGRAMMING MANAGEMENT COMMITTEE MEETINGS IN GRENADA
29 May 23, 2014 - ICT FAIR
28 May 19, 2014 - MR. FITZROY JAMES NOW HEADS ECONOMIC AND TECHNICAL COOPERATION
27 May 15, 2014 - SOCIAL PARTNERS DISCUSS CITIZENSHIP BY INVESTMENT PROGRAMME
26 May 15, 2014 - SOCIAL PARTNERS DISCUSS CITIZENSHIP BY INVESTMENT PROGRAMME
25 May 13, 2014 - INLAND REVENUE DIVISION EXTENDS OPENING HOURS
24 April 24, 2014 - NOU AND GRENCASE COLLABORATES TO PROVIDE TRAINING IN REFRIGERATION AND AIR-CONDITIONING FUNDAMENTALS
23 April 23, 2014 - NEW CUSTOMS TARIFF IMPLEMENTED
22 April 7, 2014 - IMF IN GRENADA TO SUPPORT PUBLIC FINANCIAL MANAGEMENT
21 April 1, 2014 - GOVERNMENT AND PUBLIC SECTOR UNIONS COMMENCE TALKS ON MEMORANDUM OF UNDERSTANDING FOR HOME-GROWN PROGRAMME OF FISCAL ADJUSTMENT AND REFORMS
20 April 1, 2014 - REGISTRATION OF LICENSED NON-BANK FINANCIAL INSTITUTIONS IN COMPLIANCE WITH FATCA
19 March 27, 2014 - GOVERNMENT AND DIGICEL SIGN AGREEMENT FOR INSTALLATION OF ELECTRONIC TRACKING SYSTEM DEVICES IN ALL GOVERNMENT VEHICLES
18 March 17, 2014 - IRD HEADS TO CARRIACOU AND PETITE MARTINIQUE
17 March 17, 2014 - ISSUANCE OF PROPERTY TAX DEMAND NOTICES
16 March 7, 2014 - NATIONAL CONSULTATION ON THE GROWTH AND POVERTY REDUCTION STRATEGY
15 March 6, 2014 - GRENADA TO HOST ENERGY FOR SUSTAINABLE DEVELOPMENT (ESD) PROJECT INCEPTION MEETING
14 March 3, 2014 - LAUNCH OF DEV INFO AND STRENGTHENING CAPACITY PROJECT
13 March 3, 2014 - MARCH 2014 TAX AWARENESS MONTH
12 March 2014 - NEW INCOME REQUIREMENTS
11 February 26, 2014 - 3RD INSTALLMENT OF RETROACTIVE PAYMENTS TO PUBLIC OFFICERS AND TEACHERS DEFERRED
10 February 25, 2014 - GRENADA CUSTOMS AND EXCISE DIVISION ANNUAL AWARD AND RECOGNITION CEREMONY, 2014
9 February 13, 2014 - GRENLEC TOPPED THE CUSTOMS AND EXCISE LIST OF EXEMPTIONS IN 2013
8 February 12, 2014 - COMMITTEE OF SOCIAL PARTNERS MOVING STEADFASTLY TOWARDS THE FINALISATION OF A SOCIAL COMPACT
7 February 4, 2014 - MINISTER OF FINANCE AND ENERGY MEETS WITH MANAGEMENT TEAM
6 January 29, 2014 - SOCIAL PARTNERS ENGAGE OPPOSITION PARTIES
5 January 27, 2014 - CUSTOMS CELEBRATES INTERNATIONAL CUSTOMS DAY
4 January 22, 2014 - MINISTRY OF FINANCE CLARIFIES CHARGEABLE INCOME
3 January 17, 2014 - OFFICIAL HAND OVER OF FIRE TRUCKS TO THE GAA
2 January 15, 2014 - NEW INCOME TAX REGIME IN EFFECT
1 January 14, 2014 - GRENADA ON TRACK TO MEETING MONTREAL PROTOCOL OZONE DEPLETING SUBSTANCES CONSUMPTION TARGETS
