(Stock Photo)

The Barbados Revenue Authority (BRA) is reminding self-employed individuals that the third prepayment instalment for Personal Income Tax is due on Monday, December 16. 

The amount due for this prepayment is 25 per cent of the tax payable for the 2018 income year.

Taxpayers are advised to create their Electronic Payment Advice (EPA) in TAMIS before making payments.

Failure to make the prepayment by this due date will result in a penalty of 10 per cent or $10.00, whichever is greater, as well as interest at the rate of 0.5 per cent per month.

Barbados Revenue Authority

View the most recent Travel Protocols by

Pin It on Pinterest