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‘Delinquent’ taxpayers urged to settle accounts

David Burt, the Premier, said taxes play a vital role in the Government’s ability to provide essential services (File photograph by Akil Simmons)

The Office of the Tax Commissioner is appealing to taxpayers to “take immediate action” to settle overdue accounts.

The Government said delinquent taxpayers should set up payment arrangements with the OTC — and that failure to do so could result in legal action.

A statement said the prompt settlement of tax “aligns with the goals set forth in the 2023-24 Budget Statement, emphasising the importance of timely tax payments to support Bermuda's essential services”.

David Burt, who is also the Minister of Finance, underscored the need for tax compliance.

The Premier said: “In Bermuda, paying taxes is vital for the Government’s ability to provide essential services to the public.

“Tax revenues support governmental operations, funding critical initiatives ranging from education and healthcare to infrastructure development and public safety.

“These funds enable the Government to maintain and enhance vital services that contribute to the wellbeing and prosperity of our residents.”

Mr Burt added: “Thus, the conscientious fulfilment of tax obligations by individuals and businesses in Bermuda is not merely a legal requirement but a fundamental civic responsibility that underpins the functioning of society and the advancement of the common good.”

The OTC was said to be taking proactive measures to address delinquent tax accounts.

Those without payment arrangements with the OTC “will have their files forwarded to the Director of Public Prosecutions for consideration of further legal action as stipulated by the Taxes Management Act 1976”.

Taxpayers who need further assistance can contact the Debt Collection unit on 297-7754 and select option 5, or e-mail taxenquiry@gov.bm

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Published July 26, 2024 at 3:53 pm (Updated July 28, 2024 at 4:09 pm)

‘Delinquent’ taxpayers urged to settle accounts

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