With Budget Day set for October 5, the Tobago Business Chamber is proposing several ways in which the Government can stimulate Tobago’s economy.
One such proposal is to make Tobago a VAT-free zone.
In a WhatsApp voice note on the Chamber’s budget proposal, chairman Martin George said changing the island’s VAT-status is not a new proposal as the Chamber “floated” the idea before.
“We are requesting that Tobago be made a totally VAT-free zone. It is not impossible. You have places like Panama, where they have within the country a declared duty-free zone. We think that will also help to stimulate greater investment...
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