Returns still coming in cash, assures Sinckler

Government is still working to send out income tax returns and cannot force any taxpayer to accept a tax certificate in lieu of cash owed to them.

Minister of Finance Chris Sinckler
Minister of Finance Chris Sinckler

Minister of Finance Chris Sinckler made that clear this evening in an interview with Barbados TODAY as he sought to clarify statements he made recently on the payment of the $80 million in income tax returns due this year.

“This whole hysteria that I am up here designing some tax certificate and people are not going to get their money and they are going to have to take a tax certificate is not true,” he said, stressing that any non-cash option could not be mandatory but would have to be attractive enough to encourage people to utilize it.

“You cannot force somebody to take a tax certificate if they don’t want it, because the law is clear.”

The Minister said Government continued to weigh its options but it had not yet reached the stage of issuing any tax certificates instead of cash.

“We are monitoring the situation and seeing how it is developing and, of course, preparing ourselves so that if and when we have to respond, we can respond appropriately,” he said.

Sinckler stressed, however, that Government was still focused on paying out as much as it could in cash.

At the same time, he pointed out, interest had been accumulating on that figure since November 1, explaining that “if the pace of payment cannot be quick enough to ensure that you do not have to pay out a whole lot of interest, you would have to find some other instrument, or have a different solution to ensure that people get their resources in a timely fashion, and that the cost to Government, in terms of the charge on the revenue, is not is not doubled or tripled as the case may be”.

5 Responses to Returns still coming in cash, assures Sinckler

  1. depablo November 15, 2014 at 6:09 am

    I am so sick of this man. Every word that comes out of his mouth is a lie. He has no credibility. His incompetence is astounding. All of the services that taxpayers pay for through PAYE and VAT seem to be wasted on God knows what.

    This is the worst I have ever seen my country become. See what a few years of incompetence can do? Never put a gun in a monkey’s hand. Chris my friend you are that monkey.

  2. Ms. Bemused November 15, 2014 at 9:01 am

    What the dear Minister continues to neglect to tell the taxpayers of this nation when he is talking about interest accrued on the oustanding taxes owed, is that if they want that interest to be applied they have to put it in writing. There. The secret is out go claim all your monies people.

  3. Olutoye Walrond November 15, 2014 at 11:56 am

    Some people have really got a gall. When I owe you interest you claim it without reference to me; when you owe me I have to write you telll you I want the interest.

    Show me the person who would refuse interest on debt owed them.

    The state needs to bring some equity to its dealings with the citizen.

  4. bernard and india walker November 15, 2014 at 4:56 pm

    Wow if don’t take cash. Lower your bill next time. Lower electric or or stuff. Your pump price went upp 20 cent’s a gallon ??

  5. Kendacy lewis November 16, 2014 at 10:31 am

    This is what ya call hell on earth.


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