The group says as a direct result of the action by workers at the BIR, there have been a number of impediments that have affected the ease of doing business with the
Board of Inland Revenue. AMCHAM says these issues have adversely affected the general public and the business community and requires urgent attention and resolution.
Among the issues faced at the BIR presently, according to the Chamber, are, a delay in the determination of various applications currently before the BIR on matters
such as Severance and Retrenchment Payment approvals and Tax Clearance Certificates, the lack of timely assessments of Stamp duty on Deeds and other pertinent
documents which are required to be stamped and registered so as to become legally effective and delays in issuing refunds and recording tax payments due to the
backlog in processing Tax Returns and other filings.
AmCham T&T is therefore requesting that the Government grant a statutory waiver of all penalties and Interests accruing on taxes payable during the period of the
The group says these inefficiencies at the BIR are a major hindrance to doing business in T&T, and affects voluntary tax compliance and Government’s revenue