Businessman Wilfred Espinet has slammed the process for the payment of Value Added Tax Bonds which the government is insisting will only be done for businesses whose taxes are paid in full and up to date.
Espinet argued that the payment of VAT is due at specific times defined in law. The payment of refunds similarly has a defined period to be paid. He said delays in the payment of either VAT or Refunds are subject to penalties.
Source: guardian.co.tt
Latest Posts in "Trinidad and Tobago"
- Trinidad and Tobago Extends Tax and Insurance Amnesty Deadline to August 2, 2025
- Trinidad and Tobago Ministry of Finance Issues Notice on VAT Bond Application Process
- Trinidad and Tobago Notice on VAT Bond Applications
- Trinidad and Tobago Notice on VAT Bond Applications
- Ministry of Finance Introduces VAT Bonds for Businesses Owed Refunds Over $250,000
