Tax window closes in four days
TAXPAYERS NOW have only four days before a reprieve offered by the tax authorities expires, as the countdown to March 31 gets closer.
On Monday, Tax Administration Jamaica (TAJ) reminded taxpayers that a window of opportunity still exists to make arrangements to clear outstanding taxes before the March 31 deadline.
A month ago, the tax authorities extended the offer when they invited taxpayers who are in arrears to propose a payment schedule to settle their principal sums owed, along with a deposit.
The TAJ said once the terms were agreed, the interest and penalty would be put in abeyance.
However, the TAJ is advising the public that once the offer expires, the tax authorities will be demanding the full amount overdue, inclusive of interest and penalties.
According to the TAJ, some 300 people have already seized the opportunity to clear their liabilities.
To date, arrangements have been made to settle $272 million in outstanding taxes.
Taxpayers are encouraged to take advantage of the special tax arrangement by visiting any TAJ Revenue Service Centre.
They can contact a general manager or the Customer Care Centre at 1-888-TAX-HELP (829-4357) for details on the offer.