BRIDGETOWN, Barbados, Friday January 8, 2016 – Telecommunications company Digicel has announced that it will absorb the controversial increase in Value Added Tax (VAT) on mobile phone services that took effect this month.
The move that Digicel’s regional chief executive officer Paul Osborne assured was “long-term” comes as competitor Flow has advised its customers that it will be passing on the 4.5 per cent tax hike.
Osborne indicated at the press conference where he made the announcement yesterday that although the company could suffer more than BDS$1 million (US$500,000) in losses annually, it believes shielding its customers from the tax increase would allow it to attract more business to help compensate for the shortfall.
“We hope the people of Barbados respond positively to this new gesture that Digicel has made in absorbing this tax. We are hoping that the people of Barbados recognize, support our business and come out and help people move to the Digicel network,” he said.
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