The Barbados government says it has paid out more than $30 million to an estimated 39,000 196 taxpayers in personal income tax refunds for the income year 2023.
Minister in the Ministry of Finance, Ryan Straughn, praised the Barbados Revenue Authority for making the payment to the taxpayers as well as for maintaining a streamlined process that facilitates the prompt issuance of refunds.
The majority of refund payments for income year 2023 have been issued electronically via direct deposit, and eligible taxpayers will start seeing the amounts on the account of their selected financial institution from as early as this week.
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