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
