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New VAT takes effect today

New VAT takes effect today

NEWS GRAPHIC 6A proposal is made for closer monitoring of supermarkets and retail establishments to ensure they comply with the 12.5 Percent reduction of value added tax.

The new VAT takes effect today.

Speaking on the Power Breakfast Programme on Power 102.1fm today Political Analyst, Rhoda Bharath, suggested that the relevant authorities pay attention to this aspect to ensure compliance with the new measure.

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Political Analyst, Rhoda Bharath.

 

Meanwhile, Finance Minister, Colm Imbert, speaking on the programme defended the move insisting citizens will benefit from it.

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Finance Minister, Colm Imbert.

 

 

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