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Budget Update 2016: Sinckler announces tax amnesty

Finance Minister Chris Sinckler announced that Government will offer a tax amnesty from September 15, 2016 through to February 15, 2017 for taxpayers who owe outstanding value added tax (VAT), income tax and land tax.

Taxpayers would have to pay the outstanding principal on or before February 15, 2017, to benefit from the amnesty.

5 Responses to Budget Update 2016: Sinckler announces tax amnesty

  1. Joan Wickham
    Joan Wickham August 16, 2016 at 7:08 pm

    wait for it, lol

  2. Rosanna Lewis
    Rosanna Lewis August 16, 2016 at 7:19 pm

    The country is trying to recover the millions owed in VAT and you talking about amnesty. Get behind these companies that owe VAT and you will see how many millions you can get instead of taxing me

  3. BoboTheClown August 16, 2016 at 11:56 pm

    Our tax laws are toothless. We are unable to force even “a follow on in Barbados”and yet we talk about a tax amnesty. Will there be another after Feb.15 2017 again for those who still didn’t meet that deadline?

  4. Hal Austin August 17, 2016 at 4:47 am

    This is misguided. It is a perverse incentive which will only encourage business people not to pay their VAT. Not passing it on to the government is theft.
    Instead of an amnesty, businesses should be given six weeks in which to pass on the tax, if they do not within three months then they should be stopped from trading.
    Most of these zombie businesses will be family-owned with owners living above their means, while using taxpayers’ money as cash flow.
    What is really needed is an inheritance or death tax: apart from irresponsible government handouts, the second biggest transfer of wealth is intergenerational.
    An inheritance or death tax will go a long way towards stopping children from inheriting wealth they do not deserve.
    Minister Sinckler is being advised by the wrong people.
    I remember under the Arthur government, having a chat with a senior minister and suggested an inheritance tax, he almost exploded. He said that is not for Barbados. But giving taxpayers’ money to small hotel owners, who manage their businesses badly, quite clearly is.

  5. seagul August 17, 2016 at 7:23 am

    The hotel owners are the real movers of the Gov, let’s face it.
    And you can get away with anything these days, it’s like becoming a politician,ninety-nine percent is all acting. So if you can say and do dull outrageous things in an intelligent way, you’re on your way. In Corsica they blow up the luxurious homes to safeguard the islands culture. They do not condemn the violence because they say the poor people have no other way to be heard….let’s hope these people come to their senses.


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