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Supermarkets Association Says Owners Will Adhere to the New VAT Reduction

Supermarkets Association Says Owners Will Adhere to the New VAT Reduction

NEWS GRAPHIC 6Trinidad and Tobago Chamber of Industry and Commerce hosted its Post-Budget presentation at the International Water Front, Hyatt, in Port-of-Spain this morning.

In a response to a question posed regarding the decreased in VAT from 15% to 12.5%, Finance Minister, Colm Imbert said that we live in an open economy he cannot enforce stringent price control, but he can ensure that the Supermarket’s Association following all guidelines and regulations.

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Minister of Finance, Colm Imbert

Meanwhile…

The Supermarkets Association President, Dr. Mohammed Ibrahim said in response to the reduction in VAT that Supermarket owners will adhere to the new reduction.

Dr. Ibrahim said in the event there is an issue in supply, prices will be changed drastically.

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Supermarkets Association President, Dr. Mohammed Ibrahim.

 

 

 

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