BURS Decries Tax Amnesty Low Uptake

Tax Amnesty Scheme seeks to ease the burden on taxpayers with outstanding tax liabilities by granting them an opportunity to clear the total principal tax owed in exchange for a write-off of interest and penalties charged during tax periods prior to July 1, 2021.

The scheme, which will come to an end on December 31 this year was introduced in July this year after the Minister of Finance and Economic Development proposed it for Income tax and Value Added Tax when presenting this year’s budget speech.