Posted: Thursday, March 22, 2018. 4:10 pm CST.
By BBN Staff: Yesterday, the Commissioner and Deputy Commissioner of General Sales Tax (GST), the Executive Members of the Belize Agro-Productive Sector (BAPS) Group, and the President of the Chamber of Commerce met with PM Dean Barrow to discuss the Statutory Instrument (S.I.) proposing to charge GST for agricultural land clearing.
Resulting from the meeting, the Government of Belize (GOB) has agreed not to proceed with the S.I. that would have standard-rated for GST purposes (at the rate of 12.5 %) on land preparation for agriculture, harvesting, and crop dusting services.
GOB accepted that while the S.I. might have succeeded in achieving its objective, it would have resulted in overall prejudice to the sector.
Government announced that it will not at this time proceed with the proposed S.I..
Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt email@example.com оr саll uѕ аt 501-601-0315.
© 2018, 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.