Tax filing for 2024 opens, deadline April 30

The Barbados Revenue Authority (BRA) has officially launched the 2024 tax filing season with Personal Income Tax (PIT) returns now available online through TAMIS. The deadline for submitting 2024 PIT returns is April 30, 2025.

All self-employed persons, employees who earned above $25 000 last year, as well as pensioners with an annual income above $45 000, are required to file a personal income tax return.

Senior Manager, Headquarters Services at the Authority, Carolyn Williams-Gayle, has urged taxpayers to double-check their information before filing.

She explained: “Every year, we see common errors that delay persons from receiving refunds. Two major issues are incorrect banking details and selecting ‘No’ instead of ‘Yes’ for ‘Resident for Tax Purposes’ in the return. If taxpayers enter the wrong financial institution or account number, or if they mistakenly indicate that they are not a resident, they will encounter a delay in relation to refund processing. Such errors require additional steps to be taken for the corrections to be made.”

Starting April 1, BRA will host its annual tax clinics to provide taxpayers with assistance.

(BGIS)