The Ministry of Finance’s top official yesterday conceded that VAT revenues were likely to under-shoot their 2022-2023 target but voiced confidence that tougher enforcement will keep them on track in the current fiscal year.
Simon Wilson, the financial secretary, told Tribune Business that the Government’s tax and revenue agencies are targeting the Family Islands, marine industry, tourism and services sector with more stringent compliance measures to ensure VAT hits its $1.591bn target for the 2023-2024 fiscal year.
Source: www.tribune242.com
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