BRA advises third party providers to update filing schema
THE BARBADOS REVENUE AUTHORITY (BRA) is advising all third-party information providers that the facilities for filing web forms and uploading files to the Authority’s database are ready for use, and an updated XML Schema for 2016 filing is available for download from www.bra.gov.bb.
Carolyn Williams-Gayle, manager, communications and PR, BRA stressed that it is necessary for third party providers to use the updated schema before uploading files.
“A number of amendments have been made to the schema in relation to the termination of Consolidation Tax in March last year. We are therefore asking information providers to download the updated version of the schema from our website before uploading their 2016 information or it will not be recognised by the system,” she explained.
Providers are required to file the relevant web forms and upload required statements to the eTax report amounts paid to all resident persons or entities during the 2016 income year.
Third party information providers include persons who for the supply of goods or services have made payments to resident independent contractors including accountants, attorneys, computer programmers, system designers and analysts, air-conditioning and refrigerator technicians, auto mechanics, builders and/or contractors, carpenters, freighters and custom brokers.
Third party information providers are also any employers who have paid remuneration including salaries or wages and other benefits to their employees; all financial institutions and other agencies who have made payments to resident persons in respect of interest, dividends, royalties, after tax branch profits and all partnerships, joint ventures or estates from which divided income was paid to the partners.
In addition, payments made towards registered charities and all institutions which received subscriptions to registered trade unions and are expected to file the relevant information forms and their corresponding summary statements to the Revenue Commissioner. (PR)