TT Chamber suggests gov’t establish an online tax payment system

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TT Chamber suggests gov’t establish an online tax payment system

The T&T Chamber says recent allegations of tax non-compliance do not reflect the entire private sector, most of which it says pays taxes on time.

This week, there were reports of that two business owners were being made by the Board of Inland Revenue to pay millions in unpaid taxes.

The Chamber says it expects the business community to operate within the law, including timely tax payments and will provide feedback when necessary to ensure an ease of doing business.

One of its suggestions is for an online system of tax payment without a minimum payment limit.

It explains that while larger taxpayers have sufficient systems in place, there are no online facilities for payments below TT$100,000, posing challenges for smaller taxpayers.