Monday, April 22, 2024

Refund promise


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BY THE END of June most Barbadians should have received their income tax refunds.

Minister of Finance Chris Sinckler gave this assurance on Tuesday while addressing the regular Editorial Forum of the Nation Publishing Company Limited.

Another bit of good news which he announced during his two-hour talk with staff of the media house was that Government’s revenues were on the rise again, but he admitted that the cash flow problems were not over.

He said Government was looking to honour its commitment to paying out an estimated $80 million in income tax returns, up from the yearly average of $65 million to $70 million, before it became “a monstrous problem”.

“I’ve told the staff that it has to be . . . resolved by June,” he said, adding the hope was that “if not all, a significant portion” of the refunds would be paid by then. (TY)

Please read the full story in today’s Weekend Nation, or in the eNATION edition.



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