The Prime Minister kept his promise from last year’s budget and did not impose any new taxes. In fact the last phase of a three year programme is due to be introduced from 1st January 2010 to reduce personal taxes. Legislation will be needed to bring this into effect.
Personal Income Tax
The tax bands will be as follows:-
$ 20,000 - $40,000 – 15% tax
$40,000 – %70,000.00 -25% tax
above 70,000.00 -35% tax
Personal Allowance
$20,00.00
Doing Businesss In Dominica
Last year the Prime Minister promised to make it easier to do business in Dominica . He identified an important aspect of this was to improve efficiency in Customs and Inland Revenue.
CUSTOMS
- The Prime Minister promised a reduction in the processing time at Cusoms.The purpose is to reduce the time and cost of doing business in Dominica
- The Customs Divisionwill be restructeed so that customs activities are consolidated and the public will only have to go to one location to conduct their business
CONCESSIONS
Duty Free concessions approval process is to be simplified
From 1st September 2009processing of duty free applications will be done at customs. Cutoms will apply relief as directed by Government
Watch this space for publication of guidelines issued by Cabinet
Extension of Free Hospital Care for the Elderly
People will now be able to benefit from free health care from the age of 60 instead of 65
PUBLIC SECTOR INVESTMENT PROGRAMME
he Capital Budget for 2009/10 is projected to be 16% of GDP or $168,275,089 funded 65% from grant funding ,21% from loans AND 15% from local resources.
I will not go into detail here about capital projects as my objective is to let persons coming to reside in Dominica know in a nutshell how they will be affected.
35% of the Public Sector Investment programme has been allocated to infrastructural development
THe Air Access Improvement Project for Melville Hall continues.
I think it unlikely that Dominica will get an International airport. Once built it has to be funded and Antiguas, St Lucia and Barbados are already big hubs in the Eastern Caribbean.
The Prime Minister stated that the West Coast Road was expected to come on stream this year.