The Ministry of Finance, Economic Affairs and Investment is noting a potential slowdown in economic activity due to people waiting for a VAT-free day and is urging the public to proceed as normal without any expectation of such a tax ease.

A statement posted on the social media pages of the Government Information Service states that numerous social media campaigns and other media commentary have contributed to heightened expectations of a VAT-free Holiday, potentially leading to a slowdown in actual economic activity.

The statement says the Ministry of Finance advises the public and the business community to conduct their business with no such expectation.