Government yesterday cleared the way for a write-off of some arrears owed on land taxes and the penalties attached.
Minister in the Ministry of Finance Ryan Straughn introduced the Land Tax (Amendment) Bill, 2019 in the House of Assembly, fulfilling a promise in the June 2018 Budget.
He explained that back then Prime Minister Mia Amor Mottley indicated there was a period where certain unrecoverable taxes would be written off from 1968 to 2001, and yesterday’s amendment related to land tax and a waiver of the amount payable on penalties.
Affected persons must contact the Barbados Revenue Authority (BRA) in order to enter into an arrangement for settlement. (AC)
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