The Chamber of Industry and Commerce is recommending that the Government broaden the tax net via the establishment of the Trinidad and Tobago Revenue Authority, as a form of increasing revenue.
It is recommending this option as opposed to the continued application of higher taxes to those who are already compliant.
The Chamber released its recommendations for the 2018 Budget today:
Opposition Leader Kamla Persad-Bissessar is telling the country to expect a Budget of excuses.
The Opposition Leader issued a statement following the announcement of the Budget date on Friday.
"They will say things are hard, without saying how they intend to make things better.
They will say they have no money, yet because of their incompetence and lack of a plan, they will have to admit that much of the money allocated in the last year was not used and was returned to the Ministry of Finance.
The 2018 National Budget will be presented in the House of Representatives by the Minister of Finance, Colm Imbert on Monday 2nd October, 2017 at 1:30 p.m.
Minister Imbert made the announcement in the House of Representatives today.
The Finance Ministry also issued a statement confirming the announcement.