- Finance Minister Colm Imbert clarifies delay in VAT refund payments to SMEs
- Delay was due to cash flow issues, not bureaucracy
- Decline in revenue from oil and gas sector led to limited cash flow
- Government had to prioritize expenditure and delay VAT refunds
- Oil and gas prices recovered in November and December
- Sufficient cash flow now to fulfill commitment to SME VAT refunds by end of January 2025
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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