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Prime Minister Hon. Philip J. Pierre introduced the tax amnesty programme to ease the burden on taxpayers and allow the uncollected tax revenue to stay in the pockets of everyday citizens and businesses.
In 2022, interest and penalty charges on outstanding taxes owed to the Inland Revenue Department (IRD) amounted to $780 million.
The government is potentially forgoing $780 million in revenue to give everyday citizens and businesses a fighting chance in the face of high inflation and escalating food prices. Cancelling the penalties, fines and interest on outstanding tax payments will alleviate the financial strain on our citizens and local businesses.
Once outstanding taxes are settled in full before May 1, 2024, eligible taxpayers will benefit from a 100% waiver on all applicable charges.
Prime Minister Hon. Philip J. Pierre introduced the tax amnesty programme to ease the burden on taxpayers and allow the uncollected tax revenue to stay in the pockets of everyday citizens and businesses.
In 2022, interest and penalty charges on outstanding taxes owed to the Inland Revenue Department (IRD) amounted to $780 million.
The government is potentially forgoing $780 million in revenue to give everyday citizens and businesses a fighting chance in the face of high inflation and escalating food prices. Cancelling the penalties, fines and interest on outstanding tax payments will alleviate the financial strain on our citizens and local businesses.
Once outstanding taxes are settled in full before May 1, 2024, eligible taxpayers will benefit from a 100% waiver on all applicable charges.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
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