The government of St. Vincent and the Grenadines has
begun a public awareness campaign as it moves to implement
Value Added Tax (VAT) in January 2007.
Prime Minister and Minister of Finance Dr. Ralph Gonsalves,
in presenting the 2006 budget, said there would be no
increases in tax this year but his administration would
focus on the implementation of a “a modern”
VAT and Excise Tax System next year. Gonsalves said as
part of tax reform in preparation for VAT, his administration
was proposing the elimination of Consumption Tax, International
Telecom Surcharge and Stamp Duties on receipts as of January
2007.
The VAT, he said, would replace these, and excise taxes
on alcohol, tobacco, petroleum and other specified products.
Consultant Manager to the VAT Unit, Alma Dougan, told
journalists the sensitization campaign would be conducted
in two phases - before and after the enactment of legislation.
The first and on-going phase includes educating the tax-paying
public and the business community about the new system
and winning the support
..._CBJ
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