Gov’t says taxes on international digital services and non alcoholic sweetened beverages among revenue measures to fund 2026 / 2027 budget

Taxes on international digital services, non-alcoholic sweetened beverages and an increase in the environmental protection levy are among the revenue measures government plans to use to fund the 2026/2027 budget. 

The estimates of expenditure were tabled in Parliament today.

Finance Minister Fayval Williams noted that hurricane Melissa caused significant gaps in the government’s finances, therefore the measures being proposed are aimed at filling the gaps.

Some of the revenue measures are new, while others are an increase or modification of existing measures.

She explained that the general consumption tax on digital services and intangibles is expected to yield between $300 million and $4 billion. 

Mrs. Williams said the special consumption tax on non-alcoholic sweetened beverages should provide about $10 billion. 

As for the environmental protection levy, this is being increased and should yield about $3.6 billion.