In a decisive move to enhance fiscal accountability and address systemic abuses, the Cabinet of Antigua and Barbuda has introduced a policy capping all tax concessions to a maximum of three years, effective December 1, 2025. This initiative is part of a broader strategy to ensure that fiscal incentives are transparent, time-bound, and aligned with the nation’s economic goals. Maurice Merchant, Director-General of Communications, announced that all existing concessions will expire on November 30, 2025, and businesses seeking continued benefits must reapply under the revised guidelines. Applicants will be required to provide documented proof of active business operations and compliance with tax obligations to the Inland Revenue Department. Merchant highlighted that the Cabinet’s decision was driven by concerns that certain long-standing concessions had become outdated and were being exploited for purposes beyond their original intent. For instance, benefits initially granted for hotel development were later diverted to unrelated ventures such as restaurant operations or equipment imports. ‘The government believes that three years is an adequate period for any new project to establish itself,’ Merchant stated, adding that companies would be eligible to reapply once their concession term concludes. This policy overhaul underscores the administration’s commitment to fostering a more equitable and efficient fiscal environment while supporting sustainable economic growth.