Mid Year Review of 2015/16 Budget April 8 2016

[mero]

Well at least we dont have a yearly fx currency spending limit like in 1st world Barbados

[pete]

Yeah but PNM didnt raise the budgetary expenditure by 25%, run a full term of deficit budgets and then walk away after a 35% drop in revenue.

How exactly did the UNC walk away?

[Twin Isle Cars n' Parts]

ummmm....50% tax on luxury vehicles?

What classifies a luxury vehicle?

Hilux?

Hilux...

Nah - hilux is a gyarden van...

Vigo, Revo, Navara, Ranger those should be considered "luxary" as in 75% ownership I'm sure, add little or no value to the nation by providing goods or services, however dey benefit from a reduced cost of fuel...
In instances like these, prospective buyers of such vehicles should be assessed & if dey don't fall in the category as stated above, their MVT etc should be much higher at Licensing stage & should be Registered "P"...

Inadvertently, LESS USELESS ROAD HOGS!!!

[Slartibartfast]

I heard $200,000. If that is the case then Hilux and Toyotas are now luxury vehicles.

[WarrLordd]

Where all the Pnm supporters I find them real quiet boy whey, all of a sudden now we ain't short on USD wasn't suppose to be in a recession but pnm rather let the country suffer more well done. Fellas stop saying they did nothing for the last 7 months they doing more than enough putting this country in the same status as dog shiet.

[S_2NR]

Hahaha. My car luxury yes. Dotish mc pnm. firetruck Rowley.

[Slartibartfast]

Where all the Pnm supporters I find them real quiet boy whey, all of a sudden now we ain't short on USD wasn't suppose to be in a recession but pnm rather let the country suffer more well done. Fellas stop saying they did nothing for the last 7 months they doing more than enough putting this country in the same status as dog shiet.

Except dog sheit don't hada worry about land tax

[De Dragon]

Where all the Pnm supporters I find them real quiet boy whey, all of a sudden now we ain't short on USD wasn't suppose to be in a recession but pnm rather let the country suffer more well done. Fellas stop saying they did nothing for the last 7 months they doing more than enough putting this country in the same status as dog shiet.

When the totie have ah PNM label on it, it does slide right in........................

[jedismurf99]

No MVT on CNG and Electric vehicles....hmmn

Wasn't this always so....

No there was simply no VAT there was still duty and MVT I believe..

[WarrLordd]

That online tax is a blow to small business or people who are self employed so if men start raising their product from today I say it good for allyuh cause when the rich already rich they to nasty to not let the poor get a piece to stink is this government and I done hearing some money was spend before they even gotten approval for that kiss meh ass stadium that go full allyuh belly

[mero]

Look how men who star post in the sufferers ched crawling on dey belly now nah

[Duane 3NE 2NR]

is it 50% or 15% on luxury vehicles?

[1UZFE]

Wait nah. Drunken Kamla jus blow dem way...

[zoom rader]

What is classed as a luxury vehicle?

Any one cares to comment, Habit7?

[Bezman]

Luxury vehicles = cars costing over 500,000 before tax etc

[Bezman]

Obviously anything licenses for commercial use is not a luxury vehicle.

[zoom rader]

^^^ Thanks for the clarification

[1UZFE]

Way rfairy?

[snypaz]

So basically if I don't want the extra taxes on my Range Rover, I license it as a commercial vehicle? T plate Range Rover Sports coming soon.

[BRZ]

Ranger, Hiluxes, vigos, Navaras, all dem Chupid spaceships getting hit for ah $40,000 increase, anyone who was expecting to buy one soon, you just got served.

[Twin Isle Cars n' Parts]

Obviously anything licenses for commercial use is not a luxury vehicle.

Once it doesn't add value to the nation by providing goods and services... Should be that way...
Again the Vigo, Revo, Navara, Ranger, etc...
License em "P" & charge more taxes at point of registration...

[De Dragon]

Obviously anything licenses for commercial use is not a luxury vehicle.

Once it doesn't add value to the nation by providing goods and services... Should be that way...
Again the Vigo, Revo, Navara, Ranger, etc...
License em "P" & charge more taxes at point of registration...

How exactly do you determine that?

[Twin Isle Cars n' Parts]

Obviously anything licenses for commercial use is not a luxury vehicle.

Once it doesn't add value to the nation by providing goods and services... Should be that way...
Again the Vigo, Revo, Navara, Ranger, etc...
License em "P" & charge more taxes at point of registration...

How exactly do you determine that?

Personal assessment of the prospective buyer by Licensing Division...
Some go grease & get tru, after all iz Trini, but most others wouldn't...

[De Dragon]

Obviously anything licenses for commercial use is not a luxury vehicle.

Once it doesn't add value to the nation by providing goods and services... Should be that way...
Again the Vigo, Revo, Navara, Ranger, etc...
License em "P" & charge more taxes at point of registration...

How exactly do you determine that?

Personal assessment of the prospective buyer by Licensing Division...
Some go grease & get tru, after all iz Trini, but most others wouldn't...

So show up in ah ol' merino and Indian skateboard and yuh GTG?

[De Dragon]

I think all would agree that our affairs unfortunately are in the hands of incompetent, blustering, preening fools who only care about cheap politicking than genuinely being concerned for our welfare. The kind of childish behaviour and one-upmanship that I saw in that presentation was deplorable.

[sliderz1]

and determine that by?

[Bezman]

They don't need to put the 4x4 Diesel pickups in that class. They will no longer be popular soon when diesel is fully unsubsidized. Range rovers are luxury vehicles. No way around it.

[ingalook]

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?

No once it reach ur sky box then customs will add the 7% + 12.5% and then duties

So if u bringing in car parts u gonna pay
30+7+12.5. = 49.5%

Correct me if I am wrong

They mentioned they would have to liaise with the Banks and Credit Card companies to do this, so it seems the government is going to know exactly what you bought and how much you paid for it

Luxury cars are anything with a 2.0 litre or bigger engine

[Xplode]

visited Toyota pos today sales rep said "all new vehicles gone up today " fully loaded hilux gone up by $40K ,Rav 4 by $30K
fully loaded yaris is now $187 K

[zoom rader]

^^^ Is a 4x4 classed as a car?