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Prime Minister Hon. Philip J. Pierre’s decision to conditionally waive interest, fines and penalties on Value Added Tax deductions owed to the government will collectively save Saint Lucia’s business community more than XCD 150 million.
More in this Rehani Isidore report.
SOURCE: Office of the Prime Minister
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I hope because of these reduced penalties business owners will make the lives of their employees easier by increasing their salaries.
Good vibes Hon. PM. I hope they will pass on the benefits to customers.
While waiving VAT penalties and interest is a positive step, I’m wondering how these ‘business establishments’ were able to operate for so long? How did they import goods? Clear cargo from customs? Get basic government services with outstanding tax liabilities? More importantly, how were these businesses able to collect VAT from their customers and not remit these funds back to the treasury?
This sets a dangerous precedent. We all don’t like VAT but we all want good roads, hospitals and schools. This doesn’t happen without taxation irrespective of what label the tax is assigned.
But individuals cannot get their tax refunds. Amidst all this inflation the $1,000 due from 2008 to 2014 can only buy my $300 in food, fuel and gas. Don’t forget your promises to pay refunds due. I voted for you on that basis. This man is a disgrace to this country.
This is ridiculous! it means that all st lucians who paid taxes to these businesses have been robbed. just as i thought when i saw 20 dollars or more being collected by masy on a 100 plus grocery bill. government suppose to take those businnesses to court. but the tax office is a joke too. it saying you owe tax, when it is clear every month you paid tax and plenty too. so i dont know who lying there, pierre or the businness. or both.