|Listen to Live Jamaican Radio, Listen to Power 106 FM 24x7. Click Here to Listen Free | (Advertisement)|
Compulsory tax filing for professionals begins April 1
2013-03-14 12:52:22 | (0 Comments)
Compulsory filing of taxes is set to begin in the new fiscal year starting with professional groups such as doctors, lawyers and engineers.
It is part of the government’s effort to collect more revenue by widening the tax net.
Financial Secretary Devon Rowe announced yesterday that compulsory filing would begin on a phased basis during the 2013/2014 financial year, which starts in April.
He told members of the Public Administration and Appropriations Committee (PAAC), yesterday that mandatory filing would start with professional groups.
At the same time, the Government is putting plans in place to roll out its e-filing system.
Rowe said this would also come on stream in the new financial year.
He said e-filing of taxes would be aimed primarily at large taxpayers, who contribute more than 70 per cent of tax revenue.
Like our new Facebook page http://www.facebook.com/gleanerjamaica
Follow us on Twitter http://twitter.com/JamaicaGleaner
Source: The Gleaner/Power 106 News
The opinions on this page do not necessarily reflect the views of The Gleaner. The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent. To respond to The Gleaner please use the feedback form.
Go- Jamaica: Home | Business Directory | Jobsmart | Chat | Gallery | Videos | Events