SBA chief executive officer upset over tax changes
Chief executive officer of the Small Business Association (SBA) Lynette Holder has expressed outrage at changes to the Municipal Solid Waste Tax.
An upset Holder told Barbados TODAY that Cabinet’s decision to push back the payment deadline to year end was akin to extending the time of burial of the small business sector.
“The issue really isn’t when the tax will be paid. The issue, and the substantive issue, is how will the tax be paid? How, in the end, will persons be able to afford to pay an additional tax. That is the issue. So even if you extend it until next year the point remains that people just do not have the wherewithal to carry another tax. So all you are really doing is really delaying the coffin being placed in the grave,” said Holder.
Last week, the SBA CEO described the tax as “another nail in the coffin” of the small and medium enterprises (SME) sector in Barbados. Today, she issued a fresh call for the tax to be fully revised.
“It needs to be reviewed within the context of the current burden being placed on the population of Barbados relative to taxation, relative to the imposition of additional burdens on people. I cannot say to my small hotels that receive a tax bill of $5,000 or $10,000 ‘well, the Government is now saying that you could pay it at the end of the year’ when they just do not have the wherewithal to carry any further taxes’. That is the issue,” said Holder.
“It is really burdensome to carry another tax with receipts down as they are. If people do not understand it in English, then I need to say it in Spanish, Es no
es cuando, es como, because this has gone now really beyond comprehension extending this deadline and they really think that that is the solution to the issue. Es no es cuando, es como,” lamented Holder.