We also asked the Financial Secretary about the pending matter with a sales tax department audit which alleges that BTL failed to pay 25 million dollars in sales tax.
BTL has denied it flatly saying that the misunderstanding arises from the treatment of inter company transfers.
The matter came up months ago - for transactions recorded almost a year ago - but the Fin Sec says it still hasn't been resolved:
Reporter
"Is there any settlement on the BTL issue, the sales tax issue? We know that has been hanging, still hanging and there is now also an issue I am told with one of the major credit vendors for SMART."
Joe Waight, Financial Secretary
"We have to treat both equally and it's a telecom sector. I understand there is another case that's being reviewed as well, another business in the same industry."
Reporter
"And is it the same sort of things, intercompany transfers type of things that don't necessarily register as a sale?"
Joe Waight, Financial Secretary
"You have sellers and resellers and all of that. People buy in bulk, it's an element of that as well."
Reporter
"And it's in the millions of dollars I am told."
Joe Waight, Financial Secretary
"Yes. Again, it's being audited, I am not quite sure what the conclusion will be just so far. It's still an item under review."
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