Legitimate businesses are being made non-competitive by several foreign-owned companies in the city who are not charging Value Added Tax (VAT) on their products though they are registered to do so.
This is according to Chairman of the Private Sector Commission (PSC) Eddie Boyer. Boyer yesterday explained to Stabroek News that the PSC has received complaints to this effect from several of its members and sought to address the issue at a recent meeting with the Ministry of Finance.
“Concerns were brought to us where our members identified several businesses on Regent and Robb streets which were not charging VAT.
