Roughly 45,000 Barbadian residents have acquired the promised $1,300 reverse tax credit score and earnings tax returns for the yr 2022.
Authorities allotted $19.4 million for reverse tax credit
The Minister within the Ministry of Finance, Ryan Straughn, launched an announcement confirming that the Barbados Authorities has allotted a big sum of $19.4 million to facilitate the distribution of the reverse tax credit score.
This monetary assist is earmarked for about 14,200 people, who will now profit from this direct injection of funds into their pockets.
Extra $21.1 million disbursed for earnings tax returns
Along with the reverse tax credit score disbursements, the federal government has additionally allotted a formidable $21.1 million for the disbursement of earnings tax returns for the tax yr 2022.
A complete of 30,427 taxpayers are set to profit from this provision.
