Finance Minister Winston Jordan today proposed an amnesty for delinquent taxpayers in today’s 2018 budget.
6.18 Mr. Speaker, I propose to grant an amnesty to all delinquent taxpayers – corporate and individual – who are outstanding in the filing of true and correct tax returns and payment of their true and correct taxes. This amnesty will be in effect from January 1, 2018 through September 30, 2018. Taxpayers who file and pay all principal taxes on or before June 30, 2018 will have all interest and penalties waived, while those who file and pay all principal taxes between July 01, 2018 and September 30, 2018 will have 50 percent of interest and penalties waived.
6.19 Taxpayers who expect to benefit from this amnesty must file true and correct returns. Those found to be in violation will be subject to an audit and the attendant penalties and interest will be applied. The GRA will be devoting increased resources to enforcement of the income tax laws.