🌎 Latin America 7h ago · Freelancer21 Freelancer21 Observer Writer shamir_b@yahoo.com

Potential investors wary as tourism GCT increase looms

Jamaica Observer
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Potential investors wary as tourism GCT increase looms
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MONTEGO BAY, St James — The Jamaica Hotel and Tourist Association (JHTA) says the uncertainty surrounding the Government’s proposed increase in the general consumption tax (GCT) on the sector is causing concern among potential investors.

According to JHTA President O’Brian Heron, the proposal has left some investors uneasy as they assess their plans for the local tourism industry.

“I have had calls from a number of investors who have told me point blank that they are concerned and they really

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