IRD Barbados Tax Administration Modernization Project

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1995?• Barbados Inland Revenue Revamps its TaxAdministration• Forrest Gump wins Academy Award for bestpicture• US National Debt 4.8T• 2007 US National Debt 9.8T• DVD’s Introduced• Windows 95 Launched with a 2.5B Ad Campaign
1995?• A few quotes made by Bill Gates in 1995• “The Internet is the single most importantdevelopment in the computer industry since theintroduction of the IBM PC”• “The Internet will be critical to the success ofalmost every business for years to come”• “In 2009 The Barbados IRD will be using the Webas the key element in it’s Tax Administration”
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 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 and 20: Electronic Filing and ReportingA Ta
Page 21 and 22: Reporting Information• Taxable tr
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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