A significant number of employees are being hampered in their efforts to file accurate 2018 income tax returns, due to their employers’ failure to file critical 2018 income information on their behalf.
This assertion has come from Barbados Revenue Authority (BRA) Communications Officer, Erica Lazare, who further revealed that the authority has been encountering hundreds of persons daily who are eager to file, but are ultimately disappointed when they realize that no income information has been uploaded for them to the Tax Administration Management Information System (TAMIS).
With the May 31, 2019 extended deadline quickly approaching, she is urging employers and other third-party providers such as charities and trade unions to immediately upload the relevant third-party information, to ensure that their employees and clients can file their returns.
“Earlier in the year, we initially encountered cases where employers were having challenges acquiring the new Tax Identification Numbers (TINs) from their clients and employees. However, as we go deeper into the filing season, we are seeing so many situations with people who begin to file, but then notice the absence of pre-filled employment figures in the income section of their 2018 tax return.
“We are therefore advising employers and other third-party providers to fulfil this pertinent obligation with great urgency,” she stated.
NIS, Treasury & BWU Info Uploaded To TAMIS
The Barbados Revenue Authority has advised that the pensions information from the NIS and Treasury Departments has been uploaded into TAMIS as well as third-party information from the Barbados Workers Union (BWU).
Those persons who were awaiting the information uploads from these agencies can file their returns in TAMIS.
Filers are advised that the draft returns previously saved would need to be deleted and replaced with a new return in order for the information from these agencies to be included.
Taxpayers are reminded that the deadline for filing Personal Income Tax (PIT) has been extended until Friday, May 31, 2019.
Late Filing Penalty Adjusted In TAMIS
The Barbados Revenue Authority (BRA) has advised that system updates in TAMIS were recently completed.
The authority asks taxpayers to note that as a result of these updates, all taxpayer accounts where the penalty and interest fees were applied to returns filed after April 30, 2019, have been adjusted.