businesses

TTCSI comments on Budget 2020

The Trinidad and Tobago Coalition of Services Industries (TTCSI) is calling for more details on Government's proposed interest bearing bonds for registered VAT businesses to meet arrears.

On Monday, the Finance Minister said as a solution to settle $4.5 billion in VAT refunds owed to businessmen, Government is offering $3 billion bonds for a period of five years, with an interest rate of 1.5 percent per annum.