First Look

Offer to settle Tax arrears closes soon



Jamaica Employers' Federation | 2012-03-27 16:12:00

OFFER TO SETTLE TAX ARREARS CLOSES SOON


With the close of the financial year less than a week away Tax Administration Jamaica (TAJ) is reminding taxpayers, that a window of opportunity still exists to make arrangements to clear outstanding taxes before the expiration of the special tax offer on March 31, 2102
 
The offer which was extended by the tax authorities a month ago, invited taxpayers in arrears to propose a payment schedule to settle their principal sums owed, accompanied by a deposit.  Once the terms were agreed the interest and penalty would be put in abeyance.
 
With the special arrangement gaining traction, about 300 persons have seized the opportunity to clear their liabilities. To date arrangements have been made to settle $272M in outstanding taxes.
 
Taxpayers are encouraged to take advantage of the special tax arrangement which expires March 31, 2012, by visiting any TAJ Revenue Service Centre to speak with a General Manager, or contact the Customer Care Centre 1-888-TAX-HELP (829-4357) for details of the offer.
 
 
Persons in arrears are advised that the tax authority will demand the full amount overdue, inclusive of interest and penalties once the offer expires.




Posted By :Elizabeth Peart

Company Name : Jamaica Employers' Federation

Website : www.jamaicaemployers.com/mission.php

Company Address : 2A Ruthven Road Kingston 10 JAMAICA, W.I.