The FNM’s chairman yesterday branded the proposal to change the VAT treatment of health insurance claims as “absurd, insane and inane”, warning that it will “destroy” the medical sector if implemented as originally planned.
Dr Duane Sands, himself a physician, told Tribune Business that the Government’s proposal – which would halt insurance companies reclaiming VAT on health insurance claims payouts by treating it as an ‘input’ cost – “flies in the face of everything we have been trying to accomplish over the past ten years”.
Source: www.tribune242.com
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