Telecommunications company Digicel has announced that it will be absorbing the contentious 4.5 per cent cell phone Value Added Tax (VAT) imposed by the Freundel Stuart administration on January 1 this year.
Digicel’s regional chief executive officer Paul Osborne delivered the news today at a press conference at the company’s Warren’s headquarters.
“The people of Barbados deserve to start this historical year off on a celebratory note and as such Digicel is delighted to announce that we will not be passing the VAT increase of 4.5 per cent on mobile services to all of our prepaid plans, our postpaid smart plans and our business customers,” he said.
He said the company would be fully complying with paying the 22 per cent VAT to the government, which could be in excess of $1 million annually.
“Digicel absolutely applauds the government’s education initiatives and its objectives and we will continue to be in full compliance with all its tax regulations but as such Digicel will be absorbing the new tax increase and while our customers will not be out of pocket, Digicel will continue to pay all its taxes over to government at the new increased rate.
In excess of 100, 000 current customers could benefit from the move.
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