News Feed

October 23, 2016 - Chelsea thrash Mourinho’s United 4-0 Source: AFP- LONDON, United Kingdom ... +++ October 23, 2016 - Relief on the way, says BWA The Barbados Water Authority (BWA) ... +++ October 23, 2016 - SSA board could face legal action, Comissiong warns Outspoken social activist and attor ... +++ October 23, 2016 - Remembering David Thompson Today marks the sixth anniversary o ... +++ October 23, 2016 - Today’s weather The Barbados Meteorological office ... +++ October 22, 2016 - Lashley urges innovation Minister of Culture, Youth and Spor ... +++

Pay day

NIS and income tax payments on the way, says Finance Minister

The wait will definitely be over by Friday for thousands of pensioners and other Government beneficieries who have been affected by a recent computer hardware malfunction at the National Insurance Department.

Minister of Finance Chris Sinckler gave this assurance today, while stating that Government was also working to settle outstanding income tax rebates.

Sinckler said he was not prepared to jump on the bandwagon of calls for heads to roll at the NIS over the late payment of benefit cheques, which have been delayed for close to two weeks.

In fact, he spoke up in defence of the agency, which falls under the leadership of Minister of Social Security Dr Esther Byer-Suckoo.

Minister of Finance Chris Sinckler (File photo)

Minister of Finance Chris Sinckler (File photo)

“These things happen, nobody wants them to happen, but if you have a mainframe [computer] system and it runs into problems and you switch to back up and it can’t handle the load completely, you have to investigate the issue and seek to have it repaired,” Sincker said, while noting “that sometimes these solutions are not immediately available on island”.

He added that with all good intentions, these things can take time “but you try to get them done as soon as possible because you don’t want people to be without their pensions”.

In an interview with Barbados TODAY, the Minister of Finance also attributed the delay in the payment of income tax returns to recent cash flow challenges.

He noted that while the process had started, it was proceeding slower this year than last year.

“Of course you know, income tax returns are done on revenue … it is a call on revenue and as you know the Government has had cash flow challenges, so it is a matter of working that through the system. But some people have gotten [theirs], and our commitment is to ensure that we get to all as quickly as possible,” he said, adding that payments which are made after a certain date would be subject to interest.

“Of course interest attaches. Government does have to pay interest just as it charges interest so you want to ensure that we don’t go too far beyond the cut off date for the payment period,” he added.

win a honda

ALSO If you sign up for Barbados Today before independence you could WIN a 2014 Honda City! Go here for full details

6 Responses to Pay day

  1. Princess Tiny Neferua
    Princess Tiny Neferua October 7, 2014 at 11:58 pm

    I am happy for those poor persons who hopefully will receive they coppers soon…but as a curious taxpayer/citizen..(1) I would like to know exactly how much money that government has available to sustain this country..(2) how much was left in the kitty by the last departing government..(3)..what exactly was the money spent on during this past 6 years to leave you guys NOW scraping the bottom of the barrel (4)beside the choking taxes and the alleged imminent sales of businesses of interest..where are you going to get money from to run this country …beside the IMF….#JUSTASKING

  2. Janette Reifer
    Janette Reifer October 8, 2014 at 12:55 am

    Every thing keep going wrong. I wonder why ?

  3. Pauline Lowe
    Pauline Lowe October 8, 2014 at 1:10 am

    When is that date cause it keep changing

  4. Cheryl A Rollins
    Cheryl A Rollins October 8, 2014 at 4:43 am

    We need to withhold a salary for you lot in parliament so that you feel a bit of the sufferation the average man goes through.

  5. lynda October 8, 2014 at 5:01 am

    lies lies and more lies.not all bajans are dumb.when four season had financial problem sinkler used money from the NIS bank…..our money to pay buzzy williams and others.NIS is being used as the DLP petty cash and their personal bank account.suckoo should be saying somethimg of her incompetence

  6. Denton Crichlow
    Denton Crichlow October 8, 2014 at 6:31 am

    Now you’re admitting government have cash flow problems?


Leave a Reply

Your email address will not be published. Required fields are marked *