The Tax and National Insurance Amnesty has been extended to August 2nd 2025.

This announcement comes today from Finance Minister Dave Tancoo, who says the necessary Orders have been published as Legal Notices No. 211, 212, 213, 214 and 215 of 2025.

• The Tax Amnesty covers penalties and interest in relation to the following taxes up to the year of income ending December 31st 2023:
• Gaming Amusement Tax
• Individual Income Tax
• Withholding Tax
• Pay-as-You Earn (PAYE)
• Hotel Accommodation Tax
• Health Surcharge
• Club Gaming Tax
• Corporation Tax
• Insurance Premium Tax
• Business Levy
• Tax on Financial Services
• Green Fund Levy
• Value Added Tax (VAT)
• Petroleum Profits Tax (PPT)
• Supplemental Petroleum Tax (SPT)
• Unemployment Levy
• Stamp Duty

Meanwhile the National Insurance Amnesty covers all interest and penalties outstanding on contributions prior to October 1st, 2024 and applies only to employers registered with the National Insurance Board prior to October 1st 2024

The Finance Ministry adds, “Where a taxpayer/employer fails to pay his outstanding tax/contributions during the Tax and National Insurance Amnesty, the penalties and interest which would have been payable in respect of the failure to pay the tax/contributions shall be revived and become payable as if the waiver had not been granted.”