Highlights from the Ministry of Finance’s Press Conference
August 18th, 2021
We ask that you take advantage of the Tax Amnesty which will come to an end on September 17th 2021 as well as the extension of the Government Guarantee Loan Programme for small and medium enterprises.
We are happy to report that the Minister of Finance had responded to the concerns put forward in early January by the TTMA, requesting an extension of the SME Loan Facility given that many businesses had trouble accessing it due to failure to meet the statutory requirements; which may have been too stringent given the economic challenges caused by the pandemic. Subsequent to this, we also had a discussion with the Central Bank of Trinidad and Tobago outlining issues applicants faced with corresponding recommendations.
The Minister of Finance has reintroduced the facility with changes that will make it more accessible to the business community. The Association asks that if you encounter any problems with capitalizing on the above, feel free to reach out to Mr. Christian George at [email protected] or Ms. Ilanka Manrique at [email protected].
