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The revised budget for 2016 is TT$59 billion in expenditure.
Revenue is TT$44 billion. Fiscal deficit is 4 percent of GDP
• Imposition of increases on taxes for gaming, alcohol and tobacco industry
There will be increased taxes on alcohol and tobacco products to come into effect by May 2016, after legislation is passed
Only 3 of estimated 250 Private Members' Clubs have made statutory deposits; concerted effort to increase tax admin
• 50 percent increase in the customs duties and Motor Vehicle Tax on luxury vehicles with engine size that exceeds 1999ccs, with immediate effect.
• "A Levy of 7 percent on online purchase of goods and services through the internet from retail companies resident overseas that are not subject to taxes in Trinidad, for example, Walmart, Amazon, Dell and so on.
"This is a significant area of foreign exchange demand which is putting a strain on our reserves.
"The Tax will help manage the increase in foreign exchange outflows.
"It will take effect by Sept 2016," said the Minister of Finance.
• 50% of arrears to public servants by end of June 2016
• Price of super gasoline will be increased by 15% to $3.58 and diesel also by 15% to $2/litre
• CEPEP will be returned to its original moorings in 2017 when government will reduce its direct support for contractors.
CEPEP was never intended to be a permanent program, but a business incubator.
These low productivity programs have distorted the labour market.
URP will be restructured to include substantive community construction projects, with agriculture in rural areas
• 50 percent increase in the customs duties and Motor Vehicle Tax on luxury vehicles with engine size that exceeds 1999ccs, with immediate effect
• Over US$300M injected into economy by Central Bank in last 3 mths
The Inter American Development Bank (IADB) has determined that the mass transit system is too expensive and not feasible at this time.
The government will therefore place emphasis on improving the road infrastructure across the country
• A new GATE program will be announced in time for the start of the new term with the aim of conserving expenditure to make a paradigm shift to a better alignment with the country’s development means. A committee set up to review Gate will give its report by July 2016
*$kїđž![TRADE MARK SIGN] wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
Seeker wrote:No MVT on CNG and Electric vehicles....hmmn
*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
AYSN wrote:ummmm....50% tax on luxury vehicles?
2WNBoost wrote:*$kїđž![TRADE MARK SIGN] wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
The same way diesel became popular for private vehicles owing to the lower fuel cost, CNG and hybrids are being promoted as the alternatives.
Commercial fleet operators should seriously consider conversion to CNG to lower operating costs.
zoom rader wrote:*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
If any other government did this there would have been riots this afternoon.
Ppl under PNM are numb to abuse
TriniAutoMart wrote:7% tax on internet shopping/online purchases for foreign goods not taxed locally
To take effect from Sept 2016
Increased taxes on alcohol and tobacco products
Increased taxes on luxury vehicles by 50%
Super is now $3.58
Diesel is now $2.00
zoom rader wrote:*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
If any other government did this there would have been riots this afternoon.
Ppl under PNM are numb to abuse
W2J wrote:TriniAutoMart wrote:7% tax on internet shopping/online purchases for foreign goods not taxed locally
To take effect from Sept 2016
Increased taxes on alcohol and tobacco products
Increased taxes on luxury vehicles by 50%
Super is now $3.58
Diesel is now $2.00
what is considered Internet shopping? Amazon and Ebay?
Kalisnakov wrote:Who red n ready!!!!! We'll have 2 eat sh!t jus now
Habit7 wrote:zoom rader wrote:*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
If any other government did this there would have been riots this afternoon.
Ppl under PNM are numb to abuse
But is exactly what UNC promised to do. Were they lying?
The first item circled said there will be increases in Super and Diesel beside Howai constantly preaching the removal of fuel subsidy.zoom rader wrote:Habit7 wrote:zoom rader wrote:*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
If any other government did this there would have been riots this afternoon.
Ppl under PNM are numb to abuse
But is exactly what UNC promised to do. Were they lying?]
Yeah but where does it say PP was going to raise Super , Diesel and Vat in online shopping.
Stop spreading yur PNM propaganda crap.
bluefete wrote:W2J wrote:TriniAutoMart wrote:7% tax on internet shopping/online purchases for foreign goods not taxed locally
To take effect from Sept 2016
Increased taxes on alcohol and tobacco products
Increased taxes on luxury vehicles by 50%
Super is now $3.58
Diesel is now $2.00
what is considered Internet shopping? Amazon and Ebay?
Well, duh!!!!!!!!!!!!!
W2J wrote:TriniAutoMart wrote:7% tax on internet shopping/online purchases for foreign goods not taxed locally
To take effect from Sept 2016
Increased taxes on alcohol and tobacco products
Increased taxes on luxury vehicles by 50%
Super is now $3.58
Diesel is now $2.00
what is considered Internet shopping? Amazon and Ebay?
zoom rader wrote:Habit7 wrote:zoom rader wrote:*$kїđž!™ wrote:Hearing gas and diesel going up again....wtf is wrong with these people.....
Are we going to take theses ridiculous tax increase and shiet just so.....
We already struggling to make ends meet to put food on the table...six mths ago price of gas went up....now another increase.....nah boy...they over doing it......
Fack is this.....
If any other government did this there would have been riots this afternoon.
Ppl under PNM are numb to abuse
But is exactly what UNC promised to do. Were they lying?
Yeah but where does it say PP was going to raise Super , Diesel and Vat in online shopping.
Stop spreading yur PNM propaganda crap.
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