Barbados Reminds Of Land Tax Discount For Timely Payment
by Mike Godfrey, Lowtax.net, Washington
26 September, 2016
The Barbados Revenue Authority has said taxpayers who pay their 2016-17 land tax bill promptly will benefit from a five to 10 percent discount.
If payment is made in full by October 26, 2016, which is within 30 days of the land tax bill issue date of September 26, 2016, a 10 percent discount will apply. A five percent discount is allowed for full payments made between October 27 and November 25, 2016.
The Barbados Revenue Authority has also reminded taxpayers that land tax is one of the taxes covered by the recently announced tax amnesty program. Wayne Forde of the Barbados Revenue Authority said interest and penalties would be waived if the due land tax is paid in full by February 15, 2017.
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