Government has extended the amnesty on taxes owed for land tax and Value Added Tax (VAT).
Finance Minister Chris Sinckler announced that the amnesty will run from June 1, 2017 to November 30, 2017 during his three-hour budget presentation this evening.
He told Parliament that the previous amnesty, which began in September 15, 2016 to February 15, 2017, raked in more than $35 million in tax arrears.
The Barbados Revenue Authority (BRA) is expecting to collect an additional $25 million this time around.
The revenue collected will go towards paying outstanding income tax refunds.