New deadline to pay tax
Property owners have been granted a four-week extension of the time within which they had been required to meet the first instalment payment of the new municipal solid waste tax to Monday, July 28, 2014.
This was announced yesterday by Revenue Commissioner of the Barbados Revenue Authority (BRA), Margaret Sivers, who reminded property owners that the tax may be paid in two equal instalments.
In a statement, Sivers said the municipal solid waste tax bills showing the amount that property owners were required to pay for the current year, have been issued and should be received shortly.
She also explained that the tax is calculated at a rate of 0.3 per cent of the site value of all properties with an improved value, whether for residential or commercial use.