Finance Minister Colm Imbert said in last week’s mid-year review that the Government would be repaying VAT refunds up to $250,000 in cash and $3 billion via bonds.
While this would give SMEs room to breathe, he did not tell the whole truth to the population of this continuing scheme of issuing bonds to pay VAT refunds. This is not the way to improve tax efficiency and would signal that the Government is either out of money or using cash for wasteful spending.
Source: newsday.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
