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Starting in 2025, all commercial rental properties in Anguilla will be subject to the Goods and Services Tax (GST) under the GST Act. This requirement applies to both GST-registered and non-GST-registered individuals or businesses whose rental income meets or exceeds the threshold of EC $300,000.00.
What Properties Are Considered Commercial Under GST?
The GST applies to any rental space used for business purposes in the following categories:
- Retail Spaces – Stores, shopping centers, and showrooms rented for selling goods or services.
- Office Spaces – Facilities leased to businesses for professional or administrative activities.
- Industrial Spaces – Warehouses, factories, and manufacturing facilities used for business operations.
- Hospitality and Entertainment Venues – Event halls, theaters, and conference centers rented for public or private events.
- Mixed-Use Properties – Spaces with both residential and commercial units where the commercial portion is used for business.
- Parking Facilities – Paid parking spaces or garages rented to businesses or individuals.
Important Exemption: Agricultural or farming spaces are exempt from GST registration under Schedule 2, Part 2 (k) of the GST Act.
Why Is GST Registration Important?
Failure to comply with GST registration requirements may result in penalties, fines, or legal action. The Inland Revenue Department (IRD) in Anguilla is committed to ensuring all eligible providers of commercial rental spaces are registered under the GST Act.
Deadline for Compliance
Starting November 18, 2024, any provider who operates without proper GST registration will be in violation of the law and subject to penalties. It is essential to complete your GST registration and obtain a business license as soon as possible.
How to Register for GST
To ensure compliance, rental space providers in Anguilla should promptly begin the registration process or apply for a business license through the Inland Revenue Department. For assistance, contact them at [email protected].
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