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| Billions collected under tax amnesty |
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| Wednesday, 21 May 2008 | |
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The tax amnesty, which the government instituted as a means to collect the billions in outstanding tax, has reportedly been getting a strong response according to the Ministry of Finance and the Public Service. Audley Shaw, the Minister of finance, says $2.1 billion has been collected since he announced the amnesty during his Budget presentation in April. According to Shaw, persons have been making contact with the authorities in an effort to take advantage of the amnesty. Under the six-month tax amnesty, persons who pay the outstanding amount by the end of June will have their interest and penalties waived.After June, persons will have a portion of the interest and penalties waived, starting with an 80 per cent waiver in July through to a 20 per cent waiver to those paying in the final month of the amnesty, October.
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