More Taxes in the new 2017 Budget.

admin · Sep 15, 2016

NB. That if i disagree with the views of a political party and what they are doing, that does not make me anti-PNM. All you people not being affected by all these taxes and hardship you must be well off and all of you who are being affected and still agreeing like the sheep you are, you all are fools.
It have times where you can support your political party but don't tell me you will defend a political party just because your are UNC Or PNM die hard.
To all the UNC and PNM die hards out there you are fools because you cant think for yourself and you are the reason why the politicians and the government are getting away with the shit they done and are doing.

Take a read more taxes in al yuh ass lol, It affects everyone some more than others lets continue to support the government Blindly.

Mechanisms for implementation of the property tax have been worked out, sources said, and this measure, which was announced in the previous budget, would be implemented from January 1, 2017.

Increases in taxes on casinos and gaming machines are also expected to take effect in the budget and consumers of alcohol and tobacco can also expect to pay more for what have been described as “luxury items.”

Well-placed sources told the T&T Guardian that there would be a further reduction in the fuel subsidy. In the last budget the price of super gasoline went to $3.11 up from the previous $2.70 and there was also an increase in the price of diesel from $1.50 to $1.72 a litre.

Concerned about the decline in oil production sources tell us that Government would be seeking to encourage upstream production. Steps will also be announced as Government moves to ensure that it meets an announced commitment for ten per cent of energy to be from renewable sources by 2021.

Our sources say there is likely to be a review of energy tax incentive measures and a reduction in corporation taxes. There will be no changes to personal income taxes.

Increases in allocations to the Ministries of National Security and Health are on the cards since these have been deemed as the two most critical areas at this time, sources said.

The budget, according to our sources, will be predicated on an oil price of US$40 or US$45 a barrel and Government is expected to tell the country that it had significantly reduced the budget deficit.

Measures will also be detailed to address the worsening foreign exchange situation, sources said.
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http://www.cnc3.co.tt/press-release/more-taxes-2017-budget

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More Taxes in the new 2017 Budget.

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More Taxes in the new 2017 Budget.

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