Barbados Government of Barbados
Welcome | Benefits and Advantages
information:

Benefits and advantages of the new Internet Services

The new Internet Services will bring the following benefits and advantages:

  • Speedier Processing of Taxpayers' Returns: Many countries have implemented e-filing as part of their tax administration systems and every year the number of taxpayers using e-filing for efficient processing.
  • Get your refunds back faster: Take advantage of the online services for filing your income tax return and get your refund back in less time. It should be noted that direct deposit of refunds also improves the timeliness of refunds. E-filing virtually eliminates the possibility of returns getting lost, delayed, or accessed by anyone else.
  • More efficient tax administration: Tax Administrations, world wide, are using the Internet as a means to distribute information to taxpayers and to provide improved, faster and more reliable services.
  • Save time and money: Since your returns will be filed electronically, it will not be necessary to drop the return off at the IRD or send a paper return via the mail. The money spent on filing, sorting, keying and processing paper documents will be also significantly reduced.
  • Let the system do the calculations for you: Online forms are designed in such a way that computations are performed automatically. This will help you to avoid common errors, like using inappropriate rates, exceeding threshold values, and plain arithmetical mistakes.
  • Avoid errors in your returns: On-line filing will completely eliminate errors made by officers when capturing the returns. In addition, when filing on-line, the system will pre-fill some information for you, including the PAYE slips related and reduce the potential source of errors.
  • Check your account status online: You could review your tax current account statement, view the returns filed in previous years, view the details of the PAYE slips filed by your employers and track your refund while being processed. All of this, and more, just a few clicks away.
  • Keep your information secure and confidential: The unique user and password that taxpayers will be provided with, together with the IRD's secure automated system will ensure that your income tax information will be safe and confidential.
  • Get immediate confirmation: Once your electronic return has been accepted by the IRD you will receive immediate confirmation and the assurance that the IRD has your return.
Inland Revenue Department. Government of Barbados. All rights reserved 2008.
ados. All rights reserved 2008.