ON GST
June 13, 2006

In preparation for the implementation of the GST, the Belize Chamber of Commerce and Industry will be holding a training and mixer tomorrow. Love News spoke to general manager of the Belize Chamber of Commerce and Industry Kevin Herrera.

Kevin Herrera, Belize Chamber of Commerce

“We have done is commission a study to what impacts this new tax will have on the different sectors and the community and what we have planned is two sessions tomorrow evening , one at four and then the other at five thirty in the evening. The one at four will be training for the people in the actual business that will be filing the GST results and this is more or less like a training sessions Herrera tells us a bit about the study that was done and at five thirty in the evening we will be doing two things there and we will be presenting a recent study by the Chamber Commission looking at the impact of the GST on the different sectors and we have invited the GST implementation team to see how they will implement the GST and also we have invited Minister Coye to present how they will address the policy issues in relation to the tax.”

Herrera tells us a bit about the study that was done.

Kevin Herrera, Belize Chamber of Commerce

“It look at areas where the act can be strengthen and some aspects may have some negative impacts and some of aspects including the farmers and people who are producing and people in the services area and there is the issue of the service area which will take taxation but there will be many things that will be presented and I must urge you to come out.”