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VAT refunds are “not a favour”, president of the Trinidad and Tobago Manufacturers’ Association (TTMA) Emil Ramkissoon has said.
Speaking at the TTMA’s annual post-budget discussion at the Hyatt Regency (Trinidad), Port of Spain, yesterday, he said, “A VAT refund is not a favour to a manufacturer. It is money that belongs to the business.”
He emphasised that delayed funds left the company’s cash flow.
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