- Finance Minister Dr. Irving McIntyre announced VAT exemptions on 26 essential items to ease public hardship.
- There are no import duties on these 26 items, and suppliers are urged to pass on the benefits to consumers.
- The exemptions require an amendment to the Value Added Tax Act.
- Trade Minister Dr. Vince Henderson encouraged importers to source more goods from CARICOM, as most items are produced within the region and are already zero-rated under the CET.
- Only eight of the 26 items are not adequately produced within CARICOM.
Source: dominicanewsonline.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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