Wilson FNM’s VAT exemptions would have required increase to 15%
over 3 years in Thefreeportnews
If the government maintained the value-added tax (VAT) exemptions on breadbasket items and other items, it would have had to increase the VAT rate to 15 percent, Financial Secretary Simon Wilson said yesterday, further explaining that currently the government’s revenue collection is trending in line with budget projections. Wilson, who made the remarks while appearing on …
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