Some taxpayers have received their 2020 Personal Income Tax (PIT) refunds as well as their 2020 Reverse Tax Credit refunds.
In a press release today, the Barbados Revenue Authority indicated more than $20 million in personal income tax refunds and more than $15 million in 2020 reverse tax credit refunds are being paid out.
The refunds will be disbursed in batches and will go directly to taxpayers’ accounts based on the financial institution details they entered in TAMIS. Outstanding tax refunds prior to 2020 will also be paid. (PR)
