The government is attempting to assess the impact of the PST on the economy and consumer behaviour.
Industry needs to take the lead in informing the government.
The Ministry of Finance has asked the SCA for
any information or specific data
that demonstrates the effects of the 2017 decision to expand the PST – from initial investment decisions to in-project changes.
A survey was recently sent out to Construction Association members asking them to provide examples of business decisions, behaviours, and practices that have changed as a result, even in part, of the PST.
The Chamber will keep on top of this issue and pass on any new information regarding the results of the survey.