Government has promised refund payouts to businesses in this country who are said to be owed more than a hundred million dollars in value added tax, VAT, refunds built up over the last ten years.

The assurance was given by minister in the ministry of finance Ryan Straughn as he led off debate in the House of Assembly today on the Value Added Tax amendment bill which waives the penalties and interest on VAT arrears and writes off some arears altogether.  He outlined the write-offs.