Finance Minister Chris Sinckler says the Government intends to settle all outstanding income tax refunds by the end of September this year.
Sinckler gave the assurance this morning as he tabled the 2015/2016 Estimates of Revenue and Expenditure in Parliament.
He said they are currently 47,000 people still waiting on returns for the 2013/2014 period. Of that figure, Sinckler promised that 37,000 of these would be settled by the end of June and the remaining 10,000 by the end of September
All outstanding corporation tax refunds will also be settled by the same date.
With respect to Value Added Tax (VAT) returns, the Finance Minister said this was proving to be a bit more challenging and would therefore take a longer period to be settled.