BRA Notice For Third-Party Providers

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The Barbados Revenue Authority is urging all third-party tax information providers to acquire the new Tax Identification Numbers (TINs) of their clients and employees in order to facilitate the uploading of the relevant third-party information on or before February 28, 2019. Taxpayers are asked to note that the new Tax Administration Management Information System (TAMIS) will be used for the …

BRA’s Assurances On Non-Payment Notices

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The Barbados Revenue Authority (BRA) is advising corporate and business taxpayers who made payments on time with their old Tax Identification Numbers for the June and July 2018 periods, to ignore the non-payment notices which they received from the new TAMIS system. The BRA is presently migrating those payments from the ETAX and VETAS systems into TAMIS and when the …

2017 Income Tax Notices Available For Review

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The Barbados Revenue Authority (BRA) is advising all taxpayers that the 2017 Income Tax has been assessed. The Authority is, therefore, asking persons to review their assessment notices. According to the BRA, those who do not agree with the assessment should file an objection immediately. Barbados Revenue Authority See also: READ MORE BRA Notice For Third-Party Providers anemptytextlline READ MORE …

BRA’s Registration Reminder For TAMIS

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The Barbados Revenue Authority (BRA) is reminding all taxpayers that they are required to register in the new Tax Administration Management Information System (TAMIS) in order to fulfill their Value Added Tax (VAT), Pay as You Earn (PAYE) and Corporation Income Tax obligations. Persons who are already registered and have submitted paper returns for VAT, PAYE and Corporation Income Tax, …

Last Day For Land Tax Bills Discount – Oct. 24

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The Barbados Revenue Authority (BRA) is reminding taxpayers that the last day for the 10 per cent discount off their Land Tax bill, if payment is made in full, is tomorrow, Wednesday, October 24. Payments can be made at the Authority’s Treasury Building, Weymouth Corporate Centre, Warrens Tower II, Oistins and Holetown locations. The opening hours for the Treasury Building …

Tax Amnesty Reminder

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The Barbados Revenue Authority (BRA) is reminding individuals and businesses owing outstanding taxes, to take advantage of the Tax Amnesty before the deadline of December 31, 2018. The taxes eligible are Value Added Tax (VAT), Land Tax, Income Tax, including P.A.Y.E., and Corporation Tax. The waiver of penalty and interest will apply to taxes owed to the BRA for the …

BRA Closing Early On October 18

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The Barbados Revenue Authority has advised that all of its payment centres will close for business at noon and all other offices at 1:30 p.m. on Thursday, October 18, to facilitate a staff meeting. Members of the public are encouraged to arrange their business accordingly. The Authority will reopen for business on Friday, October 19. Barbados Revenue Authority See also: READ MORE …

All Taxpayers Must Register In TAMIS

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The Barbados Revenue Authority (BRA) is urging all taxpayers to register online in the BRA’s new Tax Administration Management Information System (TAMIS), in order to file their 2018 income tax returns next year and to receive any related refunds. This message came from BRA Communication Officer, Erica Lazare, during a media briefing at the Baobab Tower on Wednesday morning, where …

Revenue Authority Holds TAMIS Training Sessions

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The Barbados Revenue Authority facilitated more than 50 administrators responsible for payroll at 22 educational institutions in a series of training sessions on the new Tax Administration Management Information System (TAMIS) during the last week of September. As part of the interactive sessions held at the Baobab Tower in Warrens, participants were taken through the registration process and introduced to …

Delay In Tax On Online Transactions

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Government will delay the introduction of value added tax on online transactions by two months. This disclosure came today from acting Minister of Finance, Ryan Straughn, who explained that Government was in the process of bringing legislation that would allow the Barbados Revenue Authority (BRA) to delegate authority to a third party for the collection of taxes online. “That legislation …