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New Location for the GST Seminar: Belize Yacht Club

Due to the overwhelming response, the seminar has been moved to the Belize Yacht Club Conference Room. Everything else has remained the same. Time: 1:30 to 3:30pm, Thursday, June 1st.

We now have room for additional registrants.

Website Information, Registration, and the Law itself available on-line:

www.gst.gov.bz

The GST Law:

http://www.gst.gov.bz/Act-49-2005.pdf

List of Imported Goods to be Taxed or Exempted

http://www.gst.gov.bz/imported_goods.pdf

GST Office Contact Information:

http://www.gst.gov.bz/contact.html

Marty, will you please post the "readers digest" version of the results of this meeting? Especially how it pertains to Real Estate transfers/sales. I am sure there are a lot of people out there who would like to know what happened at the meeting, and what will happen in the future. Thanks for keeping us informed. You da bomb!!

will do.....

Hey Marty...how did the seminar turn out? Any information on the GST? Do you think it will go July 1? Can you give us a recap? Thanks!!

Heard that changes were made/proposed to the GST Bill on Friday with GST and Stamp Duty on real estate purchases becomming a combined 10%. Anyone know the details or changes to this and other areas of Duty/GST or is it plain old wishful thinking.

There's a meeting tomorrow. It is said that the tax committee are going to recommend to the government that stamp duty be lowered to 5% and that GST of 10% only be applied to new developments. If this happens it'll be tremendous news.

The seminar was a great success. Over 130 people attended. Our heartfelt thanks goes to Jan Brown, from the Pier Lounge, who worked tirelessly to organize the seminar, get volunteers to help, and produce a professional folder for the guests.

Michael Fox did a remarkably good job explaining the new law in layman's terms. Thank you, Mike. We received many compliments on the quality of the seminar and presentation. We appreciate the efforts of the Belize Yacht Club that provided a first class facility. Casa Pan Dulce Bakery provided the excellent cookies.

Our heartfelt thanks goes to Jan Brown, from the Pier Lounge, who worked tirelessly to organize the seminar, get volunteers to help, and produce a professional folder for the guests.

We also appreciate Marie Carroll of Gecko Graphics whom provided the notepads and Karen Sue Brown whom provided the easel. Additional thanks goes to volunteers Sandy Bergquist (new member), Kayleen, Bonnie Vidrine, Charmaine Tolentino, Dulce Wolfe, and Stacy Lang.

Both our newspapers, Ambergris Today and the San Pedro Sun have extensive information on GST. Just visit their websites..

The General Sales Tax Implementation Team will be in San Pedro June 14, 15 and 16, 2006 at the Tax Center from 8:00 a.m. to 5:00 p.m. to conduct advisory sessions and distribute registration certificates and packages. All registered persons who have applied for registration are encouraged to visit the Tax Center during this period. Persons who have not yet applied for registration will be able pick up and complete application forms and participate in these sessions

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."