Home' Trinidad and Tobago Guardian : February 26th 2016 Contents A9
Friday, February 26, 2016 www.guardian.co.tt Guardian
Dear Valued Customers,
Effective 1st February, 2016 there will be a 12.5 % added VAT
on the Soursop Drink, Peanut Punch, Pineapple Drink, Orange
Drink and Mauby Drink, the Cow's Milk will remain zero- rated.
Revised Price List
Effective 1st February, 2015
16 fl oz Pasteurised Cow's Milk (Z.R.) $6.50 $8.00
12.5. % Vat Products
16 fl oz Pasteurised Soursop Drink $10.13 $13.25
8 fl oz Pasteurised Peanut-Punch
16 fl oz Pasteurised Peanut-Punch $10.13 $13.25
8 fl oz Pasteurised Pineapple Drink
16 fl oz Pasteurised Pineapple Drink $3.54 $5.00
8 fl oz Pasteurised Orange Drink
16 fl oz Pasteurised Orange Drink
16 fl oz Pasteurised Mauby Drink
We thank you for your kind co-operation for selling
at the above prices.
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CONTACT: 289-0110 /
655-5633 / 497-9225 / 341-9713
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Businesses which fail to adjust
their prices to Government s new
12.5 per cent Value Added Tax (VAT)
are running afoul of the VAT Act and
according to Trade and Industry
Minister Paula Gopee-Scoon, the
Board of Inland Revenue (BIR) can
institute legal action against them.
Since the new VAT regime kicked
in on February 1, the Consumer Affairs
Division has received many reports
of supermarkets, stores and hardwares
negligence in adjusting their prices,
especially decreasing the cost of items
from 15 per cent to 12.5 per cent.
Gopee-Scoon told reporters on
Wednesday, the Consumer Affairs
Division was liaising directly with
businesses to assist with price adjust-
ments as they were in a transitional
'VAT violators can face legal action'
While there was no time frame
for businesses to get their acts in
order, she said the power was
really in the hands of consumers.
However, she said legal action
would have to be initiated by the
Board of Inland Revenue (BIR)
which is guided by the VAT Act.
"There is no particular time
frame but I will tell you some-
thing, when business persons
contravene the VAT Act, they are
criminally liable and I am sure
that the Board of Inland Revenue
will do what it has to do.
"They are the ones with the
responsibility for the VAT Act so
the Board of Inland Revenue and
the Ministry of Finance will do
"It is not for Consumer Affairs
to do that. We are the ones who
have a relationship with the con-
sumers in terms of information,"
Some business have already
made the adjustments. A check
at Standard Distributors showed
odd looking prices on furniture
and appliances and store workers
said it was because of the 2.5 per
cent reduction of prices.
employees said since January
month-end, they worked extra
hours to get the prices adjusted.
On Wednesday, the Ministry
of Trade and Industry published
a list of items that remain zero-
rated items that were previously
zero-rated and are now subjected
to 12.5 per cent and the prices
most frequently used by super-
markets that were ascertained in
a Consumer Affairs Division sur-
Gopee-Scoon said a list of
hardware items would be pub-
lished in the daily newspapers
next week to show prices under
the new VAT regime.
She is also expected to host a
press conference today to
explained the other roles the
Consumer Affairs Division would
adopt going forward.
of lights at
ANCIL ON THE BALL
A 63-year-old fruit
vendor died yesterday
morning at the Eric
Williams Medical Sci-
ences Complex, Mt
Hope, after he was shot
outside a mini mart the
According to police
reports, around 10 pm on
Wednesday a gunman
walked up to Cyril De
Leon, a resident of Enter-
prise, Chaguanas, and
shot him. The gunman
then rode off on a bicycle
along School Street,
Enterprise. De Leon was
rushed to the Chaguanas
District Health Facility
for emergency treatment
and was later transfered
to the Eric Williams Sci-
ences Complex, Mt
Hope, where he died.
Police said they are
unclear as to why the
elderly man was killed.
His murder has taken the
toll to 77 for the year.
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