Antigua and Barbuda (AG)

Jurisdiction Overview

188 *Is there an obligation to keep accounting data? No
 Data Date: 2019


In 2014 the Global Forum reported: "The accounting record keeping and document retention obligations of Antigua and Barbuda’s IBCs are not sufficiently comprehensive to meet the requirements of the international standard." (GF 2014: 57). In addition, the Global Forum reported: "During the review period, Antigua and Barbuda did not have a regular oversight programme in place to monitor the compliance of the accounting record keeping obligations. In addition, there are no sanctions for non-compliance with the accounting record keeping obligations under the relevant laws" (ibid.: 56). While in 2019 the OECD published that IBCs were abolished (OECD HTP 2019: 25), there is no evidence that the enforcement has been approved in this regard.


GF 2012: 14; GF 2014: 57
OECD HTP 2019: 25