- Minister of Finance Colm Imbert provided an update on VAT refund payments to SMEs
- 6,767 VAT cheques totaling $558 million printed up to January 24
- VAT refunds in cash for January 2025 expected to be close to $1 billion by end of next week
- Ministry of Finance to issue VAT bonds totaling $3 billion
- Delay in VAT refund payments due to cash flow issues, not bureaucracy
- VAT refunds promised during 2025 Budget Presentation on September 30, 2024
- Decline in revenue from oil and gas sector led to limited cash flow and one-month delay in payments
Source: tt.loopnews.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.
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