BRA Ready for 2017 Income Tax Filing
BRA Ready for 2017 Income Tax Filing
Filing season for the 2017 tax year is underway and taxpayers can begin filing their income tax returns online at https://etax.bra.gov.bb .
This announcement comes from the Authority’s manager, Communications and PR, Carolyn Williams-Gayle, who advised taxpayers that the filing deadline for the submission of 2017 tax returns is Monday, April 30, 2018.
She emphasised that all persons receiving an income must file an income tax return, even if they are not required to pay taxes.
“Every individual who was employed or carried on a business, vocation, trade or undertaking of any kind, whether or not an assessable income has been derived, is required to file an income tax return with the Revenue Authority,” she said.
Williams-Gayle is also urging individual taxpayers to ensure that all third-party information related to their tax profile is uploaded and accurate before they file.
“Every year the Authority issues the notice for third party information providers to upload their information for individual taxpayers to ensure readiness of information well in advance of tax filing. When some persons go to file their returns, they realise that some pertinent information has not been uploaded or the figures uploaded are inaccurate,” she said.
“We are therefore asking taxpayers to double-check the accuracy of the information uploaded on their behalf before they submit their returns and where necessary, to contact the institutions to have it corrected before filing.”
She added that where the obligation to File Now does not appear in the taxpayers’ My Obligations Panel, they will have to manually select the Update the Registry information option in order to activate it.
Williams-Gayle also noted that the tax rates, allowances and deductions for the 2017 return remain the same as those available in the 2016 tax year.