7 News Belize

BTL Says GST Arrears Story is Fake News
posted (June 27, 2019)
A document leaked to the media - allegedly from deep inside the General Sales Tax Department - alleges that BTL owes a whopping 29.3 million dollars in GST arrears.

It arises from an ongoing audit of BTL by the GST department and the auditor's assessment of what are called internal subsidiary flows. It's highly technical, but the bottom line is that the GST auditor reviewed records from 2012 to 2017 and concluded that BTL owed the GST office almost 30 million dollars.

But, today the Financial Secretary told us someone has it all wrong. Joe Waight told us that no assessment has been given to BTL, so the company owes nothing. He said the audit is ongoing but not completed - and even when it is - higher up's would need to sit down and check the basis of any assessment. He said that there has perhaps been some lack of clarity about technical issues concerning intra-company transactions.

BTL issued a statement today saying, quote "BTL firmly denies that the company owes GST...BTL has always paid and continues to pay its GST on a monthly basis...BTL has not been assessed with respect to GST." End quote.

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