Gov’t axes tax on laptops and tablets

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    There are no more taxes on laptop computers and tablets, as Government moves to make it more affordable for parents to purchase for their children.

    The axing of the tax was announced late on Friday by Finance Minister Colm Imbert via a Tweet which read “Yesterday, based on a submission from the Ministry of Finance, in keeping with the commitment given in our PNM 2020 General Election Manifesto, Cabinet agreed to remove all taxes on laptops computers, notebook computers and tablet computers.”

    He added that the measure takes effect immediately.

    Since February 2016, computers have been subject to VAT (12.5%) and subsequently the Online Purchase Tax of 7% when purchased online and imported.

    There have been calls from citizens to make these devices more affordable and accessible to pupils now, given that new schooling arrangements due to the COVID-19 pandemic have created the need for online and distance learning.

    Meanwhile, Mr. Imbert also confirmed that taxes are earmarked to be removed on other devices such as mobile and digital equipment, cell phones, software and accessories.

    This however, will take effect after the completion of the Budget Debate in or around December 2020, he stated.