IRD Barbados Tax Administration Modernization Project

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Paper Filing• Traditional problems• Calculation errors• Unreadable writing• Misplacement of fields• Use of improper tax types• Incorrect calculation of penalties and interests• Using software to prepare return• Coping with problems• Validation of attached documents
Reporting Information• Taxable transactions• Withholdings, remittances and information• The traditional mechanism• The third party withholds• A certificate is issued to the recipient• Both parties send information to the TaxAdministration• A reconciliation program is completed
Page 1 and 2: Inland Revenue Department - Barbado
Page 3 and 4: Key Concepts‣Web Based Services
Page 5 and 6: Taxpayer Identification Number• I
Page 8 and 9: 1995?• Barbados Inland Revenue Re
Page 10 and 11: Remember…. in 2009•No paper att
Page 12 and 13: How is Third Party InformationUsed
Page 14 and 15: Additional Third Party Information
Page 17 and 18: Example of Third Party ReportingRes
Page 19: Electronic Filing and ReportingA Ta
Page 23 and 24: Reporting Information• The key el
Page 25: End of PresentationThank You

IRD Barbados Tax Administration Modernization Project

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