Posted on Nov 29, 2021
Some taxpayers have received their 2020 personal income tax (PIT) refunds as well as their 2020 reverse tax credit refunds.
In a press release today, the Barbados Revenue Authority announced it would have more than $ 20 million in personal income tax refunds and more than $ 15 million in 2020.
Refunds are paid in batches and are sent directly to taxpayers’ accounts based on the financial institution details entered in TAMIS. Outstanding tax refunds before 2020 will also be paid out. (PR)