AGP Executive Report
Last update: 10 hours agoIncome Tax Overhaul: Dominica’s 2026/27 budget lands with a major personal tax shift: a single 10% flat income tax rate from Jan 1, 2027, replacing the 15%/25%/35% tiers, while those earning EC$30,000 or less stay tax-free. Budget Priorities: The government also flagged spending focus on cost-of-living relief, tourism incentives, agriculture and agro-processing, infrastructure, healthcare, education, and youth development, with education getting a major recurrent allocation (EC$76.9m). Renewable Power Milestone: Dominica became the first CARICOM country to generate electricity from its own geothermal resources; the plant is nearing full commercial operation as reliability testing wraps up. CBI Under Pressure: Government defended its Citizenship by Investment programme in the budget, saying CBI helped fund recovery after Hurricane Maria but insisting the economy can’t rely on CBI alone amid rising international scrutiny. US Visa Bond Permanent: The US made its refundable visa bond programme permanent, potentially requiring Dominica (plus Antigua & Barbuda, Grenada, Cuba) applicants for B1/B2 visas to post up to US$20,000 before visa issuance. Business & Trade: A record 701 companies joined a regional virtual agrifood matchmaking event, generating an estimated US$25.5m in new opportunities.
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