Supreme Ventures 2016 Tax Contribution To Revenue Of Jamaican Government, Totaling $4.241 Billion, A 3.55% Increase Over 2015.
Paul Hoo, Chairman of Supreme Ventures Limited, (SVL), is reporting that in 2016 they continued to make significant tax contributions to the revenues of the Jamaican Government, totaling $4.241 billion, a 3.55% increase over prior year.
The revenue was largely derived from Lottery and Gaming taxes, levies to the Betting, Gaming and Lotteries Commission and fees to the Culture, Health, Arts, Sports and Early Childhood Education (CHASE) Fund.
Supreme Ventures reported revenues increasing by 2% over prior year as gross profits declined by 7%, due mainly to the Cash Pot liability, which was above prior year by 0.31%. BM