Friday 30 October, 2020

No penalties for last-minute Land Tax payments

(FILE) Minister in the Ministry of Finance, Ryan Straughn.

(FILE) Minister in the Ministry of Finance, Ryan Straughn.

There should no long lines outside the Treasury building nor at any of the other offices of the Barbados Revenue Authority (BRA) with persons trying to meet the March 31 deadline for land tax payments.

Last-minute landowners do not need to fear anybpenalties for late land tax payments. 

Ryan Straughn, Minister in the Ministry of Finance, announced this morning that in light of the national shut down due to the coronavirus, the Government will be lenient and go after tardy Barbadians for the payment of the 2019/2020 land tax due March 31. 

Government has declared a state of emergency, as the island reached Stage 3 in the national preparedness plan for the novel coronavirus (COVID-19), recording 33 cases as of March 29. This has resulted in the closure of all non-essential services. 

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Straughn noted that the Barbados Revenue Authority (BRA) and the National Insurance Scheme (NIS) were listed as essential and will continue to operate but with skeletal staff. He advised the public to use online banking services or Surepay online to minimise the high volume of persons that traversed BRA offices. 

"There is no need to rush to the BRA on March 31 to pay land tax, they can either drop off the cheque, pay online or they can still go and pay without penalty while the BRA offices are open," Straughn explained, adding that these measures were being used to contain the spread of the coronavirus.  

The Minister also stated that those eligible to receive compensatory income credit and reverse tax credit benefits can file online on the Barbados Revenue Authority website. 

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