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The Ministry of Finance and Planning has announced that the implementation of three revenue measures have been delayed until next month.
The measures were expected to take effect today.
The three measures relate to the increased GCT on electricity; the termination costs for telephone calls; and the modified asset tax for financial institutions and security dealers.
The ministry says the new effective dates are as follows:
1) The 16.5 per cent GCT on electricity above 300 kilo Watt hours will take effect on July 1.
2) The adjustments to the termination fee structure for mobile to mobile and mobile to land termination will take effect July 15.
3) The modified asset tax for financial institutions and security dealers will take effect July 1, 2012
The three measures were among a raft announced by Finance Minister Dr Peter Phillips on May 24 as initiatives to raise an additional $20 billion.
radio@gleanerjm.com
The measures were expected to take effect today.
The three measures relate to the increased GCT on electricity; the termination costs for telephone calls; and the modified asset tax for financial institutions and security dealers.
The ministry says the new effective dates are as follows:
1) The 16.5 per cent GCT on electricity above 300 kilo Watt hours will take effect on July 1.
2) The adjustments to the termination fee structure for mobile to mobile and mobile to land termination will take effect July 15.
3) The modified asset tax for financial institutions and security dealers will take effect July 1, 2012
The three measures were among a raft announced by Finance Minister Dr Peter Phillips on May 24 as initiatives to raise an additional $20 billion.
radio@gleanerjm.com
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