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Grenada Establishes Tax Advisory Committee

by Mike Godfrey, Lowtax.net, Washington
12 May, 2017

Grenada's Inland Revenue Division has announced that a Tax Advisory Committee has been established.

According to the announcement, the Tax Advisory Committee is expected to "develop and encourage mutual cooperation between taxpayers and the Inland Revenue Division, and assist in streamlining administrative and procedural difficulties of a general nature."

The Committee will also provide input to the island's Ministry of Finance during the legislative process by studying and recommending changes to tax laws.

The Committee consists of stakeholders from a broad cross-section of the island's community, including the Grenada Chamber of Industry and Commerce, the Trade Union Council, professional bodies (lawyers, doctors etc.), the Grenada Hotel and Tourism Authority, and the comptrollers of Inland Revenue and Customs.

The announcement clarifies that the Committee will only consider sector specific tax issues and will not address tax objection matters.

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