No more breaks!

Sinckler already looking beyond five-month amnesty

Tax defaulters beware!

Minister of Finance Chris Sinckler today served notice to those taxpayers who currently owe Government millions of dollars in outstanding value added tax, income tax and land tax that they must pay up by February or else.

The warning comes ahead of this week’s official launch of a five-month amnesty, which Sinckler announced during his August 16 Budget presentation in Parliament.

At the time, Sinckler had revealed that the amnesty would run from September 15, 2016 through to February 15, 2017. However, today he went further to warn of consequences for those who fail to settle their outstanding debts by the allotted deadline.

“Our position is that after this amnesty ends in February, there is going to be a very vigorous approach by the Barbados Revenue Authority and the authorities generally to collect all of those taxes that are due to Government,” said Sinckler in a statement issued by the Barbados Government Information Service (BGIS).

The Minister of Finance did not go into detail on what action would be taken. However, he strongly urged on taxpayers to take full advantage of their last tax reprieve.

Stressing that a substantial amount of money had been owed to Government, he said it was expected that for the financial year 2016/2017, at least $15 million could be collected.

“Everybody wants to get their income tax refund and their VAT refund . . . .  Refunds are paid out of the cash that comes in; if people do not pay in the cash we can’t pay it out . . . .

“We do not think it is fair that the average citizen is paying his or her tax on time and in full and cannot get the residual benefit of a refund because the Government does not have the cash because somebody else in the community is not paying in their fair share. We are going to be going after them, but to be fair we are giving an amnesty . . . so just come in and make arrangements to pay your principal,”  Sinckler urged.

Source: (BGIS)

6 Responses to No more breaks!

  1. Hal Austin September 13, 2016 at 4:03 am

    Does Sinckler expect a golden halo for promising to end this piece of reckless daylight robbery – from the poor to the wealthy.
    What he should now turn his attention to the introduction of an inheritance wealth tax. The greatest transfer of wealth in the world is through inheritance.
    Generations of heirs inherit wealth that they had nothing to do with producing. This is unfair to hard-working people who earn enough to just get by..

    Reply
  2. seagul September 13, 2016 at 5:45 am

    As a country I don’t think we have a genuine commitment to fight corruption. We as a people in many ways do celebrate the corrupt. We give pride of place to the corrupt. One of the most difficult things in B’dos/Caribbean politics today is to be honest. You become somewhat of a marked man if you’re honest. If you’re an honest individual who believes that corruption is a bad thing and you have the misfortune of offering yourself to serve in a public office you’ll be targeted. You’ll be called many names. You’ll be accused of many things. Unfortunately the people will believe those accusations. It’s a national disaster and all of us are to blame. We have all fallen short of the glory of the expectations of both God and man. But remember that in every country the fight against corruption to achieve acceptable levels it must start with the leadership. People would love to see certain house members who are known to be engaged in corruption lose their office. This would be a good beginning. The members of parliament whose shananigans we’re familiar with should also be made to step down and hand over a large amount of their assets.

    Reply
  3. seagul September 13, 2016 at 7:35 am

    Barbados Today–yesterday–no more breaks. No more corruption.

    Reply
  4. Phil September 13, 2016 at 7:52 am

    Affirmative action MUST be taken against all defaulters. If you owe, you owe. My concern here is there are persons who dodge their payment and get away. Why? They have party connections.
    and they maneuver their way through the system. Start with exposing them. Publish their names and the amount they owe and how long overdue their payment is due. There is no law against that.

    Reply
  5. Smiley September 13, 2016 at 10:10 am

    CORRUPTION IN THE COUNTRY AND IT’S NOT ONLY IN THIS CASE PEOPLE WHO ARE ROBBED WITH EXCESSIVE TAXES TO HELP THE COUNTRY AND WE DON’T KNOW HOW ITS SPENT AND THINGS REMAIN THE SAME

    Reply
  6. andy September 13, 2016 at 7:58 pm

    Needed to be done long time ago.the fraid idea of political sucide cause former ministers not to do it.Someone had to take the bull by the horn.In the USA irs (uncle sam) takes you to the bone for taxes.They will take you off a dying bed and put you in jail if you cannot pay it

    Reply

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