Tuesday 18 December, 2018

BRA issues statement on penalty notice

The Barbados Revenue Authority (BRA) is seeking to clarify a notice which has gone out to the business sector.

BRA sent a press release today, explaining that certain corporate and business taxpayers should ignore a message which went out recently:

"The Barbados Revenue Authority (BRA) is kindly asking 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 they received from the new TAMIS system."

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They added that they are working on updating all information into the new system:

"Please note that the BRA is in the process of migrating those payments from the ETAX and VETAS systems into TAMIS and as such, when the migration is completed, all affected TAMIS tax accounts will be updated to reflect that these payments were made on time."

BRA told these businesses that they will not receive any penalty: 

"The Authority is therefore assuring those entities and business persons that they will not receive any penalty and interest on the aforementioned payments.

The BRA thanks the business sector for their patience and understanding at this time."

 

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