BRA reports a drop in tax returns assistance
The number of residents seeking assistance from the Barbados Revenue Authority (BRA) in filing their 2014-15 income tax returns is down when compared to last year. However, with two more business days to go before the April 30 deadline for filing, that could change.
BRA’s Communication Officer Erica Lazare told Barbados TODAY that since last Thursday the numbers of people seeking assistance in filing their income tax returns had increased “but so far the numbers are nowhere near as high as what the BRA would have experienced last year”.
“People are coming in. There was a line of about 40 people this morning at the Treasury building at about 10:30, but that dissipated fairly quickly,” she said. “People are utilizing our office at Weymouth Corporate Centre for assistance in filing their returns as well.”
Up to today, just under 47,500 persons had filed online.
Lazare urged taxpayers to log on to the website at https://etax.ird.gov.bb. in order to do their filing. People who have difficulty accessing the system due to forgotten passwords and e-mail addresses, are asked to send an email to firstname.lastname@example.org.
Failure to meet Thursday’s deadline could result in a penalty of $500 as well as five per cent of the tax assessed and unpaid.
Last month, Minister of Finance Chris Sinckler gave the assurance that the majority of outstanding income tax refunds from 2013-14 would be settled by September. As of March 16, there were 47,000 people still waiting. Of that figure, Sinckler promised that 37,000 would be settled by the end of June and the remaining 10,000 by the end of September.
A cash flow problem facing Government has attributed to the unprecedented lengthy delay in sending out the refunds.