A six-member team from the Ministry of Finance, the Customs and Excise Department, the Inland Revenue Department were invited to make their monthly report on revenues and expenditure.
The team shared graphs and other data displays showing what collections have been like for the major revenue-collection agencies, for the months of January to May 2024.
The Customs and Excise Division collected $194 million in the five-month period; the Inland Revenue Department collected $257 million in the same period.
The obligations or expenditure exceeded the revenues; although, when compared to the same period of the previous year, there was a significant revenue increase.
Property taxes are still lagging, despite the discounts offered to those who pay early, and, despite the public urgings through media announcements.
Greater vigilance is required, it was agreed, in order to ensure greater compliance.
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Put a lien on the property and make them sell.
If I’m not mistaken, the property tax system is based on the size of your property, and I really don’t agree with this.
I think people will pay their property tax if they are getting a service where they live. In my area, we have no government water, and there are no roads. We barely get trash collection, and although the community tries hard, there are a lot of over grown bushes.
If the government provided a reliable and consistent service in the area, and I can speak for my area, it’s very likely that people would really pay the tax, knowing that they are getting a service, and failing to have that service, the system fails.
Since the IRD has teeth whatsoever to enforce compliance, property owners will do as they like. I was speaking to high ranking UPP official who said he will not be paying one cent in property tax as long as Gaston Browne is in office. As far as he sees it, Gaston is not getting his money. And he said if they come after him he will keep them for years in court until the UPP wins again and then he will make good his tax liability.
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