A tax amnesty for citizens declared last September by Finance Minister Winston Dookeran ends Tuesday.
It applies to returns, penalties and interest on outstanding taxes for the years of income up to 2009.
Starting Wednesday, June 12, the Board of Inland Revenue (BIR) plans to begin to a strict enforcement policy to collect billions of dollars in outstanding taxes. It is likely to use garnishee orders and other actions, including levying on the assets of taxpayers with delinquent accounts.
When the amnesty was announced, officials said taxpayers were owing about $13 billion - more than the national budget.
The finance minister decided to waive all interest charges and other penalties to encourage everyone to pay up all outstanding taxes and declared the amnest to the end of May 2011.
It applies to returns, penalties and interest on outstanding taxes for the years of income up to 2009.
Starting Wednesday, June 12, the Board of Inland Revenue (BIR) plans to begin to a strict enforcement policy to collect billions of dollars in outstanding taxes. It is likely to use garnishee orders and other actions, including levying on the assets of taxpayers with delinquent accounts.
When the amnesty was announced, officials said taxpayers were owing about $13 billion - more than the national budget.
The finance minister decided to waive all interest charges and other penalties to encourage everyone to pay up all outstanding taxes and declared the amnest to the end of May 2011.
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