- Government owes $6.54 billion in VAT refunds to businesses
- Finance Minister Colm Imbert confirmed the figure in the Senate
- Opposition senator asked about issuing VAT bonds to those owed
- Imbert said consideration will be given if deemed appropriate
- Monthly payments for refunds will be based on government’s cash flow
- Cabinet approved issuance of $3 billion in VAT bonds last May to settle outstanding refunds
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.
Latest Posts in "Trinidad and Tobago"
- Three Accused to Face High Court Trial Over $2.3M VAT Fraud Linked to THA Invoices
- TTMA Urges Government Action as Delayed VAT Refunds Threaten Key Sectors and Economic Stability
- TTMA Warns VAT Refund Delays Threaten Business Operations and Growth in Trinidad and Tobago
- US Trade Policy Updates: Tariff Changes and Market Access Agreements
- Finance Ministry Announces VAT Removal on Over 16 Basic Food Items Effective October 17
