Review of the 2010/2011 National Budget. Kyren Greigg Department of Economics UWI, St. Augustine. Demas/ Rampersad Series September 9, 2010. Presentation Outline. The present economic environment Budget assumptions & Arithmetic
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Department of Economics
UWI, St. Augustine
Demas/ Rampersad Series
September 9, 2010
non-energy sector revenue = $26.1 billion
Fiscal Incentives: Energy Tax regime
Increase in minimum wear and tear allowance to manufacturing companies from 10% to 25%
Amnesty for tax penalities for late filing of returns and late payment of income , corporation and VAT, business levy, environmental levy and lands & buildings taxes.