Wednesday, April 17, 2024

Tax refunds from next month


Share post:

Barbadians who filed personal and corporate income tax returns will start receiving refunds from the Barbados Revenue Authority (BRA) next month.

However, in giving that update yesterday, Revenue Commissioner Louisa Lewis-Ward said the BRA was equally focused on compliance, as taxpayers owed the Authority between $1.5 billion and $1.8 billion.

She was speaking on the day the BRA officially launched its new online portal permitting property owners to view and pay their land tax bills from anywhere in the world directly to the Authority.

“We’re looking forward to October, November and December to start paying some of the reverse tax credits, to start paying refunds related to personal tax and corporate tax as well,” Lewis-Ward told the media yesterday after the official opening of the Commonwealth Association of Tax Administrators’ (CATA) Senior Leadership Programme at Hilton Barbados Resort.

On the issue of payments due from taxpayers, she said the BRA’s introduction of various online services had allowed it to “drive significant compliance programmes”.

The Revenue Commissioner pointed out that “we talk about refunds quite often, but taxpayers also owe the Authority somewhat

of $1.5 [billioin] to $1.8 billion”.

“So therefore, the enforcement capacity has to be there to collect. What we’ve seen is significant compliance from large and medium sized taxpayers alike and so we welcome the initiatives,” she reported.

“We’ve put together teams who meet with large taxpayers on a regular basis to make sure that the compliance is there so that the Government can collect revenues to allow us to be able to do the social spending that we want to have at the end of the day.”

Lewis-Ward also shared that the majority of taxpayers were opting to skip the traditional lines at payment outlets to do their business with the BRA online.

“Significant numbers of taxpayers we’ve seen over the last three years, maybe up to about 60 to 70 per cent, have shifted from joining lines to moving to paying and obtaining services on the. . . various platforms. So it means that’s what taxpayers want,” she said. (SC)



  1. Does that help people on social assistants or low income or people that are low income and have children who r looking for work but r not yet employed


Please enter your comment!
Please enter your name here

Related articles

WCPL start date announced

Trinidad and Tobago will be hosting the 2024 Massy Women Caribbean Premier League (WCPL) from August 21 to...

Oistins to get $5m spruce up

The refurbishment work in Oistins should be completed by the end of May. This assurance was given by the...

Oistins’ Magistrates’ Court closed early

The Oistins’ Magistrates’ Court has been closed after a bed bug was found in a chair inside the...

BUT action call

President of the Barbados Union of Teachers (BUT) Rudy Lovell wants Government to move urgently to address some...