- Cash flow issues have caused a delay in VAT repayments
- Finance Minister Colm Imbert addresses concerns raised about tardiness in repaying VAT
- VAT refunds owed to SMEs were supposed to be paid by December 31, 2024
- Lower than expected revenue due to oil and gas production levels led to delays in VAT refunds
- Government had to prioritize expenditure and delay VAT refunds
- Oil and gas prices recovered in November and December, leading to sufficient cash flow
- Ministry plans to fulfill commitment to SME VAT refunds by end of January 2025
Source: guardian.co.tt
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.
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