The government will introduce a back-to-school VAT holiday on August 31, the Ministry of Finance announced today.
Deputy Prime Minister and Minister of Finance Peter Turnquest told reporters today that the tax relief measure, which was initially announced during the budget debate, will last for three weeks.
“Even with the tax breaks, many people will still need the support of the broader community, so we continue to encourage and celebrate those who have been rallying together to support their neighbors, family
members, friends and even strangers,” Turnquest said in a follow-up statement.
Minister of Education Jeffrey Lloyd said: “We know parents and teachers across the country are anxious to prepare for the reopening of schools in September, and the transition to virtual school.
“Naturally, there are learning tools required for remote learning that were not necessary for in-person learning. The government has ensured that the VAT holiday covers traditional school supplies, such as notebooks, folders and other stationary, and digital learning tools such as personal computers, tablets and other related accessories.”
The ministry said the back-to-school VAT holiday will cover a range of locally purchased school supplies, including school uniforms, clothing, backpacks, electronic book readers, and school snacks.
The comprehensive list will be available on the Department of Inland Revenue’s (DIR) website.