GOB to collect $7 million GST from your electricity bills

Share on Facebook0Tweet about this on TwitterShare on Google+0Share on LinkedIn0

Posted: Monday, March 20, 2017. 11:41 a.m. 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.

© 2017, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

Today's News Sponsored By:


Get the latest from Breaking Belize News anywhere, anytime

Like us on Facebook

Follow us on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *