Tue | Dec 12, 2017

Government shelves plan to tax imported refined sugar

Published:Friday | September 22, 2017 | 3:27 PMJerome Reynolds
Samuda

Agriculture Minister Karl Samuda says the government has decided against imposing a tax on refined sugar imported into the country.

The cess was put forward by the previous administration which planned to levy a tax of US$35 per tonne on refined sugar imports.

At the time, the government argued that the tax would address the loss of revenue due to the leakage of imported duty-free sugar, intended for manufacturing, into the retail trade.

It also said the proceeds of the cess would be earmarked to fund the transformation of the sugar sector.

However, Samuda says the current government has shelved the tax.

Instead, he has tightened the regulations governing the importation of refined sugar.

 

Agriculture Minister, Karl Samuda

Samuda was speaking at a press conference on Wednesday.

Stakeholders in the manufacturing sector had strongly objected to taxing imported refined sugar.