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Espinet objects to terms of Govt VAT bonds

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.