You’re forgiven! Cabinet approves amnesty for property tax interest
The government has decided to offer some amount of relief to persons who are facing challenges and are currently behind with their property tax payments.
“Cabinet this week, considered and approved the amnesty for the interest accrued on outstanding property tax,” Premier Andrew Fahie said at a press conference last week.
The Premier said his government was cognisant of the hardship faced by residents following the hurricanes of 2017 and the COVID-19 pandemic.
“We really empathise with persons, and recognise that government has a responsibility to ensure that persons are not left behind, especially in difficult times,” the Premier expressed.
Premier Fahie, who also serves as the territory’s Finance Minister, said the amnesty will run for one year – from March 1, 2022 to February 28, 2023 – and emphasized that the amnesty only applies to the interest accrued on property tax payments.
He said an order for persons to have the interest waived, persons must either pay off their principal or agree to a payment plan with the Commissioner of Inland Revenue to liquidate the principal taxed within the amnesty period.
He encouraged persons to pursue the initiative and to take necessary steps to avoid being left out.
“Take advantage of this and do this quickly with payment plans so you can be in good standing before the amnesty closes. Do not delay because you can end up missing out,” the Premier said.
The Premier said his government was cognisant of the hardship faced by residents following the hurricanes of 2017 and the COVID-19 pandemic.
“We really empathise with persons, and recognise that government has a responsibility to ensure that persons are not left behind, especially in difficult times,” the Premier expressed.
Premier Fahie, who also serves as the territory’s Finance Minister, said the amnesty will run for one year – from March 1, 2022 to February 28, 2023 – and emphasized that the amnesty only applies to the interest accrued on property tax payments.
He said an order for persons to have the interest waived, persons must either pay off their principal or agree to a payment plan with the Commissioner of Inland Revenue to liquidate the principal taxed within the amnesty period.
He encouraged persons to pursue the initiative and to take necessary steps to avoid being left out.
“Take advantage of this and do this quickly with payment plans so you can be in good standing before the amnesty closes. Do not delay because you can end up missing out,” the Premier said.
