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Tuesday, March 25, 2025

Imbert finalises tax breaks on electronic devices

by

Gail Alexander
1658 days ago
20200909
Colm Imbert MP, Minister of Finance.

Colm Imbert MP, Minister of Finance.

The Fi­nance Min­istry yes­ter­day con­firmed that le­gal or­ders have been done for the re­moval of tax­es on lap­tops and sim­i­lar items —and the re­moval was ef­fec­tive from last Fri­day.

This af­ter con­sumers were be­ing told by Cus­toms and Ex­cise up to yes­ter­day that no le­gal or­der was in place to fa­cil­i­tate the re­moval of tax­es on the de­vices.

The min­istry, how­ev­er, clar­i­fied the sit­u­a­tion. Fi­nance Min­is­ter Colm Im­bert has al­so said that re­funds will be made on VAT or On­line Pur­chase Tax on these items that may have been in­ad­ver­tent­ly charged by the Cus­toms & Ex­cise Di­vi­sion as a re­sult of a man­u­al en­try by an im­porter or an elec­tron­ic en­try that was al­ready in the ASY­CU­DA sys­tem pri­or to last Fri­day, but not yet im­port­ed as of that date.

It ap­pears there was some “lag­way” be­tween Im­bert’s an­nounce­ment on the is­sue and word to the rel­e­vant agen­cies on the nec­es­sary le­gal no­tices.

Last Fri­day, Im­bert promised that VAT and OPT tax­es would be re­moved from lap­tops, note­book com­put­ers and tablet com­put­ers. There had been calls for re­moval of the tax­es af­ter

Ed­u­ca­tion Min­is­ter Nyan Gads­by-Dol­ly re­vealed that 65,000 stu­dents may not have prop­er ac­cess to on­line learn­ing be­cause of lack of con­nec­tiv­i­ty or de­vices.

Al­though Im­bert had an­nounced the re­moval was ef­fec­tive last Fri­day, yes­ter­day the T&T Guardian was shown a let­ter dat­ed Sep­tem­ber 8 which a lo­cal busi­ness ser­vice re­ceived from Cus­toms on the tax re­moval.

The let­ter stat­ed that the re­moval would re­quire a le­gal no­tice which would have to go through the Trade Min­istry first and af­ter to Cus­toms’ le­gal de­part­ment and then the ASY­CU­DA di­vi­sion be­fore items could be clas­si­fied with­out the tax­es.

The Cus­toms let­ter stat­ed the steps have to be com­plet­ed they hadn’t yet con­firmed whether they had re­ceived the man­date. As a re­sult, Cus­toms stat­ed it was con­tin­u­ing to im­pose the cur­rent tax­es un­til fur­ther no­tice. Up to then, Cus­toms not­ed there was no le­gal no­tice on Gov­ern­ment’s web­site on the is­sue.

How­ev­er, yes­ter­day af­ter­noon Im­bert’s min­istry is­sued a me­dia re­lease stress­ing that the waiv­er of VAT and OPT on the lap­tops and the re­lat­ed items is ef­fec­tive from last Fri­day.

The re­lease said Im­bert had not­ed in­for­ma­tion in the pub­lic do­main and want­ed to con­firm that the re­quired le­gal or­ders for the tax re­movals “have been signed by the Min­is­ter of Fi­nance and the Sec­re­tary to the Cab­i­net, re­spec­tive­ly, and are ef­fec­tive from Fri­day Sep­tem­ber 4, 2020.”


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