Income Tax Filing Season Begins April 6
(Bridgetown, April 4, 2020) Taxpayers are advised that filing of the 2019 individual income tax returns will begin on Monday, April 6.
The Barbados Revenue Authority (BRA) is reminding the public that returns are filed online in the Tax Administration Management Information System (TAMIS), which can be accessed at https://tamis.bra.gov.bb.
Before submitting a return, each person is advised to review their pre-loaded information for accuracies, such as total remuneration, basic salary, allowances, donations to charity and trade union subscriptions. If any of these figures are incorrect or missing, please cancel your return and contact the relevant party such as your employer, trade union and church.
Employees who earned above $25,000 last year are required to file their 2019 Personal Income Tax (PIT) return.
Likewise, any pensioner who received income over $40,000 last year should file a PIT return. All self-employed persons are also required to file a PIT return.
However, employees who earned less than $25,000 last year and no more than $2083 per month, are eligible to file for their 2019 Reverse Tax Credit (RTC) claim for $1300. The deadline for the RTC is December 31, 2021.