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No Tax on Agricultural Land Clearing Print E-mail
( 5 Votes )
Written by Administrator   
Thursday, 22 March 2018 00:00

The Prime Minister, Rt. Hon. Dean Barrow, the Commissioner and Deputy Commissioner of General Sales Tax (GST), the Executive Members of the Belize Agro-Productive Sector (BAPS) Group, and the President of the Chamber of Commerce met at the Office of the Prime Minister on Wednesday, March 21, 2018. After this meeting, the Government of Belize agreed not to proceed with the Statutory Instrument (S.I.) that would have standard-rated for GST purposes (at the rate of 12.5 %) the services of Land Preparation for Agriculture, Harvesting, and Crop Dusting.

The ground behind the initial proposed S.I. was to stop the abuse of the claims for GST refunds coming from that sector of the economy. The Government has accepted that while the S.I. would have been successful in preventing that blatant abuse, it would have resulted in an overall prejudice. In return for both the Chamber President and the BAPS Executive agreeing to work with the GST Department of preventing that abuse, the Government has agreed not to proceed.