Land tax bills for the financial year 2016-2017 have been issued.
In a release issued today, the Barbados Revenue Authority has advised the public that the bills will bear an issue date of September 26, 2016.
“Taxpayers will benefit from a 10 per cent discount if payment is made in full within 30 days of the issue date of the bill. As such, the 10 per cent discount deadline is October 26, 2016. However, a five per cent discount is allowed for full payments made between October 27 and November 25, 2016,” the release continued.
Director of Shared Services, Wayne Forde, stated that taxpayers had already started to make use of the amnesty period and expected many more persons to take advantage of the reprieve.
“Land taxes are indeed included in the Amnesty Programme which commenced on September 15, 2016, and as such, taxpayers should be reminded that the arrears shown on their bills include interest and penalties, which would be waived if the principal is paid in full by February 15, 2017,” Mr. Forde said.
He also urged persons to update their addresses, adding that in recent years, several bills were returned due to incorrect current addresses of the land and property owners.
“Any person who has changed their address and has not received their bill by October 7, should contact the Barbados Revenue Authority so that we would be able to update our records and facilitate their payments,” he advised.
Payments may be made at the Authority’s Treasury Building, Weymouth Corporate Centre, Warrens Tower II and Holetown locations. Cashier hours for the Treasury Building and Holetown are Monday to Friday between 7:30 a.m. and 3:30 p.m., while the other locations are 8:15 a.m. to 3:30 p.m.
Barbados Revenue Authority