- Delays in VAT refunds until Jan 31 due to decline in energy revenue
- Finance Minister Colm Imbert states refunds will be paid by end of month
- Imbert attributes delay to cash flow constraints, not bureaucracy
- Oil and gas prices recovered in Nov and Dec 2024, allowing for refunds to be paid
- President of Chaguanas Chamber of Commerce expresses concern over delay’s impact on businesses
- Calls for better financial planning and prioritization to avoid future delays in VAT refunds
Source: trinidadexpress.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Trinidad and Tobago"
- Three Accused to Face High Court Trial Over $2.3M VAT Fraud Linked to THA Invoices
- TTMA Urges Government Action as Delayed VAT Refunds Threaten Key Sectors and Economic Stability
- TTMA Warns VAT Refund Delays Threaten Business Operations and Growth 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
