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Long lines to hand in property tax forms

News day / The TTMA is also recommending that Government consider creation of a sub-classification within the industrial property tier, for the manufacturing sector separate and apart from larger enterprises such as that which exists in the energy industry, and exempting plant and machinery from the property tax framework .

The TTMA partnered with Ernst and Young to host a seminar yesterday on the implementation of the tax. Over 100 TTMA members attended. They expressed concerns and asked questions about ambiguities and the manner of implementation of the tax. The objective of the seminar was to help TTMA members understand the implementation of the tax as it applies to the category of manufacturers in the industrial property tier of the schedule .

Gregory Hannays, director of tax services, Ernst and Young was the facilitator. Objecting to the implementation of the tax at this time, members felt the current economic scenario was challenging .

This was compounded with increased payments to the business levy, Green Fund and the increased price of diesel

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