Taxpayers are advised that they may now submit their Individual Income Tax returns online for the income year 2015.
Persons filing should make sure that their third-party information is uploaded and accurate before filing returns.
They should also update their registry information online before filing.
Those filing are reminded that they can select direct deposit to any commercial bank or to the City of Bridgetown Cooperative Credit Union, the Barbados Public Workers’ Cooperative Credit Union and the Barbados Workers’ Union Cooperative Credit Union. Taxpayers may access the Electronic Tax Administration page at https://etax.bra.gov.bb/
The Barbados Revenue Authority has also advised all employers that with effect from March 31, 2016, all Pay as You Earn (PAYE) deductions with respect to the Consolidation Tax shall cease.
Taxpayers are asked to note that the Consolidation Tax Return shall form part of the Individual Tax Returns for the Income Years 2015 and 2016.
Any Consolidation Tax payable for income year 2015 must be paid on or before April 30, 2016. Consolidation Tax payable for income year 2016 must be paid on or before April 30, 2017.