A tax on entertainment which was postponed last year has now taken effect, the Inland Revenue Division has announced.
It means that a $1500 flat rate will now be paid on entertainment events making 0-100 thousand dollars.
A two percent tax will apply on activities that make more than 100 thousand dollars and is all-inclusive.
A four percent tax will apply on all events grossing 100 thousand dollars and above and is NOT all inclusive.
Additionally, the IRD announced today that performers outside of the CARICOM will be subject to a withholding tax of 25 percent.
Last year, the major events promoters said they wanted more time and consultation which the government allowed.
The IRD now says event
The IRD says it will be enforcing the law with regards to the new entertainment tax.