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Gov't adjusts sugary drinks tax after industry backlash
March 24, 2026
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Finance Minister Fayval Williams on Tuesday announced a revised special consumption tax on sugary drinks, shifting from a volume-based system to one based on sugar content. The change follows backlash from industry players and criticism from the Opposition People’s National Party. The revised tax, set at 22 cents per gram of added sugar, will take effect May 1, instead of April 1, to allow time for implementation, Williams told the House of Representatives.
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Gov't rejects Opposition’s $8.6b e-invoicing revenue claim
The Government has rejected a claim by the parliamentary Opposition that an electronic invoicing system could generate $8.6 billion in revenue in the upcoming fiscal year, which starts on April 1. The assertion was made by Opposition Spokesman on Finance Julian Robinson during his Budget Debate contribution last week, where he proposed e-invoicing as an alternative revenue source to support the $1.4 trillion budget for 2026-2027. The Government has projected approximately $18 billion in new tax measures.
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Gov't adjusts sugary drinks tax after industry backlash
Finance Minister Fayval Williams on Tuesday announced a revised special consumption tax on sugary drinks, shifting from a volume-based system to one based on sugar content. The change follows backlash from industry players and criticism from the Opposition People’s National Party. The revised tax, set at 22 cents per gram of added sugar, will take effect May 1, instead of April 1, to allow time for implementation, Williams told the House of Representatives.
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