“Write off of back taxes under review. Sellers of alcohol and tobacco products can breathe a sigh of relief as plans by government to increase the turnover tax (ToT) have been scrapped from the amended 2013 budget. Plans to write off back taxes up to December 2006 also may be shelved by the Wescot-Williams III cabinet. Finance Minister Martin Hassink is evaluating the way forward and will present his recommendations to the Council of Ministers.”

The Daily Herald – “Gov’t scraps plans to increase ToT on tobacco and alcohol”


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