Vat Refund - 123RF

When Finance Minister Colm Imbert delivered the 62-page budget statement on September 30, one line in particular offered hope to small and medium enterprises. While delivering the fiscal measures for 2025, Imbert said Value Added Tax refunds owed to SMEs would be paid by December 31, 2024. However, many businesses that applied for these refunds have reported not receiving them, resulting in setbacks to their operations.

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