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Mar 17, 2020

Tax Relief for Hoteliers on the Horizon?

John Briceño

The economic ramifications from the corona virus is a major concern so on the issue of an interim tax break, another working group will be put together in the days ahead to examine various options of tax relief.  There is a possibility that the existing nine percent tax being paid to B.T.B. will be halved.  As it stands, however, hoteliers and other stakeholders are already complaining of a significant decline in occupancy.

 

John Briceño, Leader of the Opposition

“We decided that we’re going to set up a committee, a committee that will be formed from the different relevant agencies within government and B.T.B. to look at the issue of tax relief measures and as we agreed there that as a committee we’ll have to set it up quickly tomorrow and for them to get back to us by next week with some concrete measures that can be taken to give relief to all of these people who are going through a very, very difficult time.”

 

Prime Minister Dean Barrow

“We’re already agreed, Leader, correct me if I’m wrong that the nine percent tax would not be collected by the B.T.B. or that only half of it would be collected which caused some wit to say. But half of nothing is nothing.  The way arrivals are plummeting there will soon be no hotel tax to collect, but in the mean time, certainly to the extent that the hoteliers still have some degree of occupancy and collect the tax, they will either be able to keep half or if Mrs. Bevans, it will come right back to government, she has marketing contracts that she has to service.  But it may well be that the agreement is that they not pay the tax at all or not even a portion to the B.T.B. for the foreseeable future until we can start recovering.”


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