Monday, January 22, 2018

IMF report causes row over VAT refund arrears*

...Minister battles Chamber over amount owed

A sharply worded difference of opinion has broken out between the Government and the T&T Chamber over the amount of money the Government owes the business community in VAT refunds—information that is contained in the recently released International Monetary Fund (IMF) country report on the T&T economy. The ministry was responding to a statement issued by the Chamber on Thursday, in which the organisation pointed to the statement in the IMF report that the Government owes businesses and individuals about $5.5 billion in VAT arrears. 

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