2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 83

• We are eliminating VAT on residential property
insurance;
• We are waiving VAT on residential electricity bills at
or under $100 and water bills at or under $50; for
clarity, this is not for the first $100 or $50 in a
person’s bills, but it is targeted at those bills which
come in at or under the stated amounts. For electricity
customers, this would impact over 30,000 BPL
households alone. For water customers, this would
impact some 43,000 Water & Sewerage customers.
This waiver will be applicable to all licensed utilities
in the country.
• we are increasing the Customs personal travel
exemption from $300 to $500 per person;
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