Swipe left 👈🏾THIS IS IMPORTANT Summary of Cost of Living Support Measures 1. Summer Nutrition Programme : Provision of nutritious meals for school-age children during the summer holidays. July 25 to September 2, 2022 Estimated Cost/ Revenue Lost - $2.5 M 2. Electricity (Residential) Reduction of the Value Added Tax rate from 17.5% to 7.5% for the first 250 kilowatt hours of electricity. August 1, 2022 to January 31, 2023 Cost/ Revenue Lost $9.2 M 3. Consumer Items Removal of VAT on 9 food items.1 Removal of the duties on citrus produce.2 Reduced markups on 44 basic consumer items to 12% to 15% by the private sector.3 July 21, 2022 to January 31, 2023 Cost/ Revenue Lost $4.5 M 4. Hybrid Vehicles Reduction of the import duties on hybrids from 45% to 25% (plug ins) and 35% (regular). Effective August 1, 2022 Cost/ Revenue Lost ?? 5. Hybrid Vehicles Reduction in excise tax from 120% to 80% on plug-in hybrids over 2000cc Effective August 1, 2022 Estimated Cost / Revenue Lost ?? TOTAL ESTIMATED COST $16.2 M 1 - Hot chocolate, corn flakes, cream of wheat, sliced ham, unflavoured black tea, honey, peanut butter, bosc pears and apples. 2 Oranges, grapefruits, lemons and limes. 3 Chicken (whole chicken, chop-mixed chicken, stew chicken, chicken backs), pork (pork hind legs, pork hind leg chops, stew pork, pork knuckles, pork hocks, pigtails), beef stew, sliced ham, oats, Milo, drinking chocolate, eggs, evaporated milk, baby milk, 2% milk, New Zealand cheddar cheese, cooking oil (soybean and sunflower), rice, long macaroni, biscuits (Eclipse and Sodabix single and multipack), salt bread, white sandwich bread, whole wheat bread, oranges, apples, tuna (in oil or water), sardines (in oil or water), corned beef, split peas (fresh and canned), pigeon peas, black eyed peas (fresh and canned), flour, Sunflower margarine, black tea, unflavored tea, Cream of Wheat, corn flakes, peanut butter, chow mein, ramen noodles, honey, bath soap, toilet paper, sanitary napkins, baby diapers, single toothbrushes, toothpaste, roll-on deodorant and bleach. #thechasefiles #keepingyouinformed #estimation #summary #costoflivingsupportmeasures #summernutritionprogramme #sunprogramme https://www.instagram.com/p/CgR15Cjgyz2ckWTGoQkQPUf8b6OYu88AKnukr00/?igshid=NGJjMDIxMWI=
