Guide to Filing ABST Reduction Rate Form

GOVERNMENT OF ANTIGUA AND BARBUDA Guide to Filing ABST Reduced Rate Day Sales Information form The ABST Reduced Rate Day Sales Information form is to be filled out only by ABST Registered Businesses who have made sales on the reduced tax days at the reduced rate.

This form is to be completed and submitted with ABST Return Form 003 for December 2012 by January 31st, 2013.

Important Note: With reference to the reduced tax days and the regular ABST form 003, the tax collected on the reduced tax days must be included in Line (270). The regular form should be filled out as normal with the exclusion of the total sales information for the reduced tax days.

Total sales information for these days should only be filled out on the ABST Reduced Rate Day Sales Information Form.

Line (1) Fill in total sales inclusive of tax at 15% for the reduced tax days. I.e. Total tax inclusive sale on standard rated services or any other instance where 15% was applied.

Note: If the 8.7% discount method was used the total sale should not be included in Line (1) Line (2) Fill in total sales inclusive of tax at the reduced rate of 5%. This also includes sales made using the 8.7% discount method.

Line (3) Fill in total sales inclusive on tax at 12.5% on Hotel Accommodation and other supplies to guests. The word “Restaurant� for this line refers to meals from hotel restaurants to guests staying at the hotel.

Line (4) Fill in the total zero rated sale for the reduced tax days.

Line (5) Fill in the total exempt sale for the reduced tax days.

Line (6) Fill in the combined total of lines 1, 2, 3, 4, and 5.

Line (7) Fill in the tax collected at the rate of 15% for the reduced tax days. I.e. the tax included in the total on line 1 calculated by tax fraction 15/115.

Line (8) Fill in the tax collected at the reduced rate of 5%. I.e. the tax included in the total on line 2 calculated by tax fraction 5/105.

Line (9) Fill in the tax collected at the rate of 12.5%. I.e. the tax included in the total on line 3 calculated by tax fraction 12.5/112.5 Line (10) Fill in the combined total of lines 7, 8, and 9.