Reminders

Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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Vehicle

All vehicle owners whose licence plate ends with 1, must renew their vehicle licence before January 31st. Similarly, if your vehicle licence plate ends with 2, you must renew your vehicle licence before February 29th to avoid interest charges and ticketing fees..

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All insurance companies are reminded that a statement showing the number of policies issued, the value of every policy and any other information required by the Accountant General must accompany the registration fee remittance and the insurance premium remittance. The forms can be found under Form & Guides tab then click on Tax Returns.

 

RE-ASSESSING AN INCOME TAX RETURN

 As part of the ongoing compliance program, the Inland Revenue Department may conduct detailed audits of tax submissions. The Department can re-assess an Income Tax Return as long as it is done no later than six years after the date on which the original tax return was required to be filed. However, there are certain instances where there is no time limit imposed on the Inland Revenue Department’s ability to audit and reassess previously filed returns. Those instances are:

1. Where no assessment was made;
2. The original assessment was based on false information due to fraud or the willful neglect of the taxpayer; or
3. No tax return was ever filed by the taxpayer and the Comptroller made an assessment based on his or her best judgment at the time.

TIPS
  • Taxable entities and individuals are reminded that all documents are to be kept for a period of 6 years. Approval must be granted by the Comptroller for earlier disposal of the same.