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List of items no longer zero-rated for VAT

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cracker
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Gov't clamps down on online shopping

Postby cracker » December 30th, 2015, 9:43 am

How will i survive?
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Habit7
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Re: Gov't clamps down on online shopping

Postby Habit7 » December 30th, 2015, 9:46 am

This has to do with VAT exempt foods. You buy blocks of cheese on Amazon now?

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cracker
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Re: Gov't clamps down on online shopping

Postby cracker » December 30th, 2015, 9:57 am

Yes. I buy edam veggie cheese.

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Special K
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Re: Gov't clamps down on online shopping

Postby Special K » December 30th, 2015, 10:09 am

Dont have a problem with that yet...lol

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List of items no longer zero-rated for VAT

Postby Duane 3NE 2NR » January 11th, 2016, 10:37 pm

Finance Minister Colm Imbert said the Government will reduce the list of zero-rated items to include only the most basic foods.

Speaking in the 12th sitting of the Parliament on Monday, Imbert announced a list of items that will no longer be zero-rated and will now be subject to 12.5 percent VAT.

He said the list has been reduced to only include the most basic foods and other necessary items.

The list of items which will no longer be zero-rated includes:

Rice (except parboiled rice)
flour (except all-purpose and wheat flour)
bread (except white and whole wheat bread)
cheese (except cheddar and rennet free cheese)
peanut butter
salted butter
pasta
cocoa powder
coffee
mauby
orange juice
herring
tuna
mackerel
icing sugar
biscuits
grapefruit juice
vanilla essence
tomato ketchup
sunflower seeds
yoghurt
dairy spreads
tea
cereal grains
prepared or preserved meats
prepared or preserved salmon
shrimp and prawns
cake mix
waffles and wafers
preserved vegetables and fruits
preserved tomatoes
preserves mushrooms
preserved vegetables such as preserved potato, preserved peas
jams, fruit jellies, marmalade
sauces and preparations
soups and broths
flavouring powder for beverages
coconut milk
artificial sweeteners
malt beverages
essence extracts and foods
spices,
edible seeds
all other fish edible parts of fish salted or in brine

The Finance Ministry also released the revised list of items which are still zero-rated which is available on the Finance Ministry’s website: http://bit.ly/1IZnyik.

Items which are still zero-rated include foods such as corned beef, lactose-free or powered milk, margarine, white and whole wheat bread, baby formulas and baby milk substitutes.

Imbert said the decision to remove VAT on approximately 7,000 various items was an “ill-conceived” attempt to reduce the cost of living by the People’s Partnership Government.

He said that the latest available data indicates that 60 percent of all sales are either zero-rated or exempt and 50 percent of all imports are not subject to VAT, adding that the country is way behind the rest of the Caribbean in terms of the country's VAT system.

Imbert added that this will not mean an increase in the price of petroleum products, which will remain the same as stated in the 2015 Budget presentation.

He added that the Trinidad and Tobago’s VAT structure is favourable compared with other Caribbean regions such as Jamaica, Antigua and Barbados which implement a VAT of 15 percent.

http://www.looptt.com/content/butter-co ... zero-rated

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shake d livin wake d dead
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Re: List of items no longer zero-rated for VAT

Postby shake d livin wake d dead » January 11th, 2016, 10:53 pm

What other bread is available other than white or whole wheat???

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Re: List of items no longer zero-rated for VAT

Postby Mark! » January 11th, 2016, 10:53 pm

lel...corned beef

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Re: List of items no longer zero-rated for VAT

Postby pugboy » January 11th, 2016, 11:11 pm

Ketchup and mayo will be a big one for the fastfood business

What to hoard in the next two weeks

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Re: List of items no longer zero-rated for VAT

Postby Duane 3NE 2NR » January 11th, 2016, 11:27 pm

shake d livin wake d dead wrote:What other bread is available other than white or whole wheat???
artisan bread, rye, sourdough, cornbread, sweetbread

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Re: List of items no longer zero-rated for VAT

Postby greenlantern12 » January 11th, 2016, 11:33 pm

Doubles going up AGAIN

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Re: List of items no longer zero-rated for VAT

Postby 10-01 » January 12th, 2016, 12:13 am

PNM again ....... when wil it end ...

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Re: List of items no longer zero-rated for VAT

Postby INHUMAN » January 12th, 2016, 1:47 am

2020

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Re: List of items no longer zero-rated for VAT

Postby Redman » January 12th, 2016, 3:33 am

Duane 3NE 2NR wrote:
shake d livin wake d dead wrote:What other bread is available other than white or whole wheat???
artisan bread, rye, sourdough, cornbread, sweetbread


VAT and cornbread....a match made in heaven. :D

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Re: List of items no longer zero-rated for VAT

Postby zoom rader » January 12th, 2016, 4:20 am

Good

Men vote for dat chit

Dey want PNM take PNM in dey pwiffin

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Re: List of items no longer zero-rated for VAT

Postby V2NR 3.0 » January 12th, 2016, 4:55 am

How would persons survive in this country when they can't even afford to eat ? The grocery list is exhaustive and covers a price increase in the basic of basic food items...my God.

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Re: List of items no longer zero-rated for VAT

Postby V2NR 3.0 » January 12th, 2016, 4:56 am

How would persons survive in this country when they can't even afford to eat ? The grocery list is exhaustive and covers a price increase in the basic of basic food items...my God.

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Re: List of items no longer zero-rated for VAT

Postby pugboy » January 12th, 2016, 6:03 am

corned beef and sardine diet ftw

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Re: List of items no longer zero-rated for VAT

Postby Rory Phoulorie » January 12th, 2016, 6:09 am

:| I don't know what people complaining for. Go look at KFC, TGIF, Ruby Tuesdays, Ariapita Avenue, Häagen-Dazs, the food courts in the malls, even the roadside doubles vendor, all of them still ram cram with people buying food. Are we really in a recession?

Whole wheat bread, shop cheese and water for me.

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Re: Woman hits panelvan, runs over traffic warden tries to f

Postby Chimera » January 12th, 2016, 6:15 am

Red and ready ppl wha allyuh think

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Re: List of items no longer zero-rated for VAT

Postby X_Factor » January 12th, 2016, 7:07 am

Rory Phoulorie wrote::| I don't know what people complaining for. Go look at KFC, TGIF, Ruby Tuesdays, Ariapita Avenue, Häagen-Dazs, the food courts in the malls, even the roadside doubles vendor, all of them still ram cram with people buying food. Are we really in a recession?

Whole wheat bread, shop cheese and water for me.


wait till later this year then you will see

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Re: List of items no longer zero-rated for VAT

Postby davymaraj » January 12th, 2016, 7:08 am

they want that money to finish the lara stadium
Great priority red and ready.

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Re: List of items no longer zero-rated for VAT

Postby jhonnieblue » January 12th, 2016, 7:19 am

ImageUploadedByTapatalk1452597554.527863.jpg



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Re: List of items no longer zero-rated for VAT

Postby 16 cycles » January 12th, 2016, 7:22 am

correct me...but i think i saw CCTV systems with 4 cameras + monitor >560TVL are now zero rated....


sardines, smoked herring,oats, some beans still zero rated...

1sad @ peanut butter...

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Re: List of items no longer zero-rated for VAT

Postby boxy » January 12th, 2016, 7:27 am

Wow the batallion out in full force

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Re: List of items no longer zero-rated for VAT

Postby BRZ » January 12th, 2016, 7:31 am

They could have just iposed a TAX on ALcohol and Cigarettes to compensate and bring in the same revenue! rum too cheap and smokers- well tuh hell with them!

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Re: List of items no longer zero-rated for VAT

Postby Chimera » January 12th, 2016, 7:31 am

16 cycles wrote:correct me...but i think i saw CCTV systems with 4 cameras + monitor >560TVL are now zero rated....


sardines, smoked herring,oats, some beans still zero rated...

1sad @ peanut butter...



yeah it has to be a complete system though

with cables/monitor/more than 560tvl cameras or 1mp , 4,8,16 and i think 32 camera systems

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Re: List of items no longer zero-rated for VAT

Postby SmokeyGTi » January 12th, 2016, 8:06 am

hmm..cake mix was zero rated...

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Re: List of items no longer zero-rated for VAT

Postby silent_riot » January 12th, 2016, 8:17 am

Uncooked and unstuffed pasta are still zero-rated, as well as herring.

List of items that are still zero-rated: Note that 1 (1) (a) covers a wide range of foods which are not individually listed.

1. (1) Any—
(a) unprocessed food of a kind used for human consumption;
(b) parboiled and brown rice;
(c) all-purpose and wheat flour;
(d) whole, skimmed, lactose-free milk, pasteurized milk, evaporated, dry or powered milk, and dry or powered skimmed milk
(e) margarine;
(f) white and whole wheat bread;
(g) baby formulas and baby milk substitutes;
(h) cheddar cheese and rennet free cheese;
(i) corned beef;
(j) curry;
(k) sardines;
(l) smoked herring;
(m) toilet paper;
(n) yeast;
(o) baking powder;
(p) uncooked or unstuffed pasta
(q) brown sugar;
(r) pure white vinegar
(s) Oatmeal, meal or cereal which must be boiled in water or milk to make a porridge;
(a) Dried leguminous vegetables, shelled, whether or not skinned or split:
(i) Peas (Pisum Sativum): Pigeon peas;
(ii) Peas (Pisum Sativum): Split peas
(iii) Peas (Pisum Sativum): Blackeye peas;
(iv) Peas (Pisum Sativum): Other peas;
(v) Peas (Pisum Sativum): Chickpeas (Garbanzos);
(vi) Beans (Vigna spp.; Phaseolus spp.): Beans of the species Vigna mungo (L.) Hepper or Vigna radiata (L.) Wilczek;
(vii) Beans (Vigna spp.; Phaseolus spp.): Small red (adzuki) beans (Phaseolus or vigna angularis);
(viii) Kidney beans, including white pea beans (Phaseolus vulgaris): Red kidney beans;
(ix) Beans (Vigna spp.; Phaseolus spp.): Kidney beans, including white pea beans (Phaseolus vulgaris): Other;
(x) Beans (Vigna spp.; Phaseolus spp.): Other;
(xi) Beans (Vigna spp.; Phaseolus spp.): Lentils;
(xii) Beans (Vigna spp.; Phaseolus spp.): Broad beans (Vicia faba var. major) and Horse beans (Vicia faba bar. Equina, Vicia faba var. minor); and
(xiii) Other dried leguminous vegetable, shelled, whether or not skinned or split;

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Re: List of items no longer zero-rated for VAT

Postby Redman » January 12th, 2016, 8:35 am

BRZ wrote:They could have just iposed a TAX on ALcohol and Cigarettes to compensate and bring in the same revenue! rum too cheap and smokers- well tuh hell with them!


I think that this should still happen.

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Re: List of items no longer zero-rated for VAT

Postby SR » January 12th, 2016, 8:36 am

Honestly not really affected.....but oh goarrr peanut butter man.........

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