fbpx
Public officers’ 3 percent salary adjustment totals $15 million
March 20, 2017
GOB to borrow $81.8 million to finance 2017-2018 budget
March 20, 2017

GOB to collect $7 million GST from your electricity bills

Posted: Monday, March 20, 2017. 11:44 am CST.

By BBN Staff: Belizeans whose electricity bills exceed $100 will now have to pay General Sales Tax (GST) on their monthly bills.

Prime Minister Dean Barrow, in his budget presentation last week, introduced a tax package aimed at collecting more revenues while curbing expenditure.

Barrow said that by lowering the tax threshold for electricity consumption from $200 to $100 will yield 0.19 percent of GDP.

With this adjustment, government expects to collect a total of $7 million in revenues in the new fiscal year from Belizeans paying GST on their electricity bills.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtі[email protected]еаkіngbеlіzеnеwѕ.соm or call us at 501-601-0315.

 

© 2017, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

  • Galen University
  • larry waight
  • Galen University
  • Shindaiwa

Comments