There’s still no clear timeline on when Barbadians can expect long awaited tax refunds.
Today Minister in the Ministry of Finance Ryan Straughn was asked to address the issue on the Sunday edition of Down to Brasstacks aired on Voice of Barbados 92.9 FM. He however stayed clear of giving a definite date.
Pressed on whether taxpayers could expect payouts by Christmas, Straughn said, “I would like to think so, but the reality of the situation is that the economy is really in a bad way and right now the Government is managing its cash flow position plus being able to make sure that businesses can still go about doing what they are doing.”
He acknowledged that Government was aware of its overdue payments, citing businesses awaiting Value Added Tax refunds and suppliers who provided goods and services.
Straughn however assured that once the Government concludes pressing economic matters including the agreement with the International Monetary Fund, the Mia Mottley administration would be in a better position to address these issues.
“Essentially once we are able to have debt restructuring resolved and an agreement in place with the International Monetary Fund then we can start to do some of those things over the course of the next year and a half,” he said.