The TT Chamber of Industry and Commerce is calling on the government to clarify exactly how and when the balance of the outstanding VAT refunds would be repaid to the business community.
On May 2, in reply to questions from Independent Senator Amrita Deonarine during the Senate sitting, Finance Minister Colm Imbert said government will issue $3 billion in VAT bonds to help reduce the estimated $7.8 billion in outstanding VAT refunds owed to businesses.
Source: newsday.co.tt
Latest Posts in "Trinidad and Tobago"
- US Trade Policy Updates: Tariff Changes and Market Access Agreements
- Finance Ministry Announces VAT Removal on Over 16 Basic Food Items Effective October 17
- Government Scraps VAT on Essential Foods to Enhance Affordability and Support Agriculture
- Trinidad and Tobago Budget 2025-2026: Asset Levy, NIS Hike, VAT-to-Sales Tax Shift
- Trinidad and Tobago Extends Tax and Insurance Amnesty Deadline to August 2, 2025
