Ministry of Finance

RAMBHARAT: Cause for concern at Agriculture Society

Agriculture Minister, Senator Clarence Rambharat, has confirmed that he was the one to request that the Finance Ministry carry out the audit of the Agriculture Society of Trinidad and Tobago (ASTT), because there is cause for concern.

Minister Rambharat says he was led to do so after numerous reports and allegations were made about irregularities under the tenure of current ASTT president, Dhano Sookoo's.

He notes that even his predecessor ministers had been dealing allegations of irregularities at the ASTT.

NLCB: Taxes will not exceed 500,000 dollars

The National Lotteries Control Board is still calculating exactly how much money it will have to pay back to gamblers but says the amount does not exceed half a million dollars. This as the NLCB issued a statement on Friday that it will have to refund all the 10% deducted for the period July 30th to August 4th.
However, NLCB Chairman Eustace Nancis says he doesn't estimate the figure to be more than 300 to 400 thousand dollars.
Initially, the NLCB announced that winnings crossing $1,000 would be taxed at 10%.

Finance Ministry invites voluntary submissions of property tax valuation forms

The Ministry of Finance is inviting anyone who wishes to submit property tax evaluation forms voluntarily, to do so.

The Ministry made the call in a statement issued on Tuesday.

"The Ministry of Finance wishes to advise property owners that they are free to submit valuation return forms and any supporting documents they consider relevant to any office of the Valuations Division on a voluntary basis."

The High Court has halted the mandatory submission of forms and the state;s appeal against the decision will be heard on June 6th.

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