Paying Taxes in Antigua and Barbuda

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Antigua and Barbuda, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax13 2325.0%taxable profit26 
Social Security contributions12 1365.0%gross salaries5.5 
Stamp duty on property transfer1 -7.5%sale price4.6 
Medical tax12 -3.5%gross salaries4 
Fuel tax1 - included in the price of fuel0.7 
Property tax - building1 -0.5%assessed market value0.5 
Property tax -land1 -0.4%assessed market value0.2 
Vehicle license1 -fixed fee ($1,500) weight of vehicle and number of axels0.1 
Filing fee1 -EC$200 (fixed fee) 0 
Tax on check transactions1 -0.2 cents per check 0 
Stamp duty on contracts1 -various rates  small amount
ABST (VAT)11 4815.0%value added not included
Totals:56 207  41.5 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.