The membership of the Supermarket Association of Trinidad and Tobago is making every effort so customers can purchase items identified by the Minister of Finance in the 2022 Budget statement Value Added Tax free from Monday morning.
The Association is reassuring the public that it can be expect to meet this obligation so that customers can enjoy the purchase of these items VAT free at the points of sale Monday.
In a media release Friday afternoon, the Association said it recognize that demand continues to play a major role in the supply chain placing particular strain on global routes of shipping lanes worldwide.
It said this has contributed to the container crisis that plays a key role in the demand and supply model that places emphasis on the determination of food prices as Trinidad and Tobago are a net importer of finished goods as well as inputs of production.
The Association said it is also committed to supporting local producers of goods while it encourage customers to recognize the purchasing power is in their hands as retailers can only sell goods that customers continue to purchase with high frequency.
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