Charity wants review of NSRL
Founder of the Aron and Christina Truss Foundation is calling for a review of the National Social Responsibility Levy (NSRL) in the hope that charities and electronic devices will be exempted.
Aron Truss, who has administered a programme in primary schools providing computers and tablets to students to help with their studies particularly preparation for the Common Entrance Exam over the past seven years, said this year they were faced with an increase in costs because of the levy.
“It is very unfortunate that tax was levied on tablets. That has cost us ten per cent more this year than it should have and I really feel that charities and tablets should be exempted from the tax,” Truss said.
He was speaking yesterday morning at Sharon Primary where they donated 69 tablets to students of Holy Innocents and Sharon Primary schools.
This academic year, the Foundation will donate approximately 700 tablets at a cost of $210 each.
Truss said the levying of the tax on tablets and charities “was not the way
Mexican continues to give
While the National Social Responsibility Levy (NSRL) has continued to force Barbadians to tighten their belts, local entertainer Terry ‘‘Mexican’’ Arthur has said it will not stop him from continuing with his annual Love-day gift giving.
“It probably will impact the project, but most of the stuff I buy in bulk. Obviously, I may have to pay a little bit more, but I still will get the amounts I target throughout the years. I wouldn’t let that hinder me,” he said.
While he did not have a specific number he catered for, Arthur said he started with purchasing a couple hundred pieces for a particular age group.
“We are more or less on stream, but I usually do the shopping, especially in Barbados, toward the end of November into the beginning of December. We start our gift wrapping about the sixth or eighth of December, and we start the gift giving on December 16 which is Love Day and go right up to New Year’s,” he said. (RA)
The Central Bank is happy at home but feeling the adverse effects of Barbados’ foreign reserves challenge.
The WEEKEND NATION confirmed that the bank is reporting a $27.1 million profit for 2016 due to “revenue” from its heavy consumption of Government paper.
However, the extent of the foreign exchange challenge was laid bare in the financial statements for the period ended December 31, 2016, as independently audited by KPMG.