Municipal tax extension
The date for the first instalment payment of the new Municipal Solid Waste Tax has been extended to July 28.
The Revenue Commissioner of the Barbados Revenue Authority, Margaret Sivers, said bills showing the amount property owners were required to pay for the current year had been issued and should be received shortly.
She also explained that the tax was calculated at a rate of 0.3 per cent of the site value of all properties with an improved value, whether for residential or commercial use. The tax may be paid in two equal instalments.
“Failure to pay the tax by the specified dates will result in a penalty of five per cent of the tax demanded and unpaid,” Sivers said.
“In addition to the penalty imposed, interest at the rate of one per cent for each month on the penalty and the unpaid tax at the prescribed time will be charged.” (BGIS)