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Barbados Launches Online Tax Payment Facility

by Amanda Banks,, London

24 July 2012

The Barbados government has launched the 'eZpay service' for the electronic payment of tax, which in its infancy will be limited to the collection of land taxes and available only to domestic bank account holders.

Launching the facility, Barbados's Minister of Finance and Economic Affairs, Chris Sinckler said the system would simplify tax compliance by eliminating the need for taxpayers to attend on-island tax collection agencies in person.

As announced in January 2012, the system will originally be limited to land tax dues, and will only be able to process transactions from local bank accounts. Development of the facility is ongoing, and it is envisaged that eventually all payments to government agencies, including fees related to occasionally-issued permits and licences, quarterly or annual tax payments, various other one-time fees and fines, will be able to be settled via the system, including by foreign bank account holders.

Sinckler said: "eZpay will provide all participating government agencies with the ability to collect electronically taxes, duties, fees, or monies paid, and is a convenient way for individuals and businesses to pay the various government agencies using web technology from virtually anywhere."

He added: "eZpay does much more than just provide an e-payment facility. It also allows users who have registered to use the service to view their balances and query their payment histories, at the touch of a key anytime and from anywhere, and of course, from a variety of devices."

Sinckler noted that the modernization of Barbados's tax collection methods would cut costs both for taxpayers and the government and benefit the environment.

TAGS: tax | property tax | real-estate | international financial centres (IFC) | fees | offshore | Barbados

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