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| Barbados Modernizes Land Tax Administration |
by Amanda Banks, Tax-News.com, London
Thursday, January 26, 2012
Barbados has announced that it will soon roll out its online portal for taxpayers
to view and pay their land tax bills online, although the system is not yet available
for foreign property owners.
Commissioner of Land Tax, Wayne Forde, in announcing the measure, said the
project was aimed at eliminating long lines inside the department during peak
tax-paying periods. The portal is expected to be introduced during the coming
months, and according to Forde, would "allow taxpayers to see their total
tax liabilities including any discounts to which they are entitled to, and/or
any penalties or interest accrued on their accounts".
During the initial phase of the project, Forde said overseas property owners
would be unable to make payments using foreign accounts, credit and debit cards,
as the system will only be able to process transactions from local bank accounts.
"The implementation of this system would act as a precursor to an environment
where tax bills and valuation notices will be issued electronically to those
taxpayers who desire to receive this mode of tax payment” Forde said.
Forde also noted that the initiative to modernize its tax administration processes
would provide cost benefits to government as well as environmental benefits.
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