VAT bill to be read a second time

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VAT bill to be read a second time

Monday, June 25, 2012 – On June 26, 2012, the House of Assembly will convene for the first time since the end of the 2012/2013 Budget debate on May 11th, 2012.

A motion which authorizes the Minister for Finance to borrow the sum of US$ 50 million in the form of a Multi-tranched Fixed Rate Note from ECFH Global Investment Solutions Limited, to provide financing towards the implementation of projects under the capital expenditure component of the 2012/2013 Budget will be debated.

There are also a number Bills to be read a second time, one of which includes the Value Added Tax Bill. This Bill was made public by the Office of the Prime Minister on May 16, 2012 ahead of tomorrow’s session because it was felt that the public should be given sufficient time to peruse the document in order to sufficiently prepare for the September 01, 2012 implementation of the VAT.

The session commences at 10:00am and will be aired live on the National Television Network and streamed live via their website, www.stlucia.gov.lc.

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