87,376 taxpayers to receive income tax refunds

FINANCE MINISTER Colm Imbert says some 87,376 taxpayers are to receive income tax refunds.

In a news release on February 8, Imbert said he has asked the Board of Inland Revenue (BIR) to issue individual tax refunds to all eligible taxpayers that are owed these refunds in amounts of up to $25,000.

He said the BIR has advised that this will cost the government $246 million.

Imbert thanked taxpayers for their patience and understanding.