- Prime Minister Andrew Holness will meet tourism industry leaders next week to discuss the proposed increase in GCT on tourism activities.
- The Jamaica Hotel and Tourist Association strongly opposes raising the tax from 10% to 15%, saying it would hurt hotels, attractions, investment, jobs, and competitiveness.
- JHTA says many tourism businesses are locked into long-term contracts, so they may not be able to pass the added tax on to visitors.
- The Government says the measure is part of its revenue package and could raise about J$11.4 billion annually, phased in over two years.
- The association plans to present economic evidence and suggest an alternative approach that still supports the Government’s fiscal goals.
Source: jamaica-gleaner.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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