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JaBudget2017: Shaw warns of clampdown to collect $13.5b in property tax arrears

Minister of Finance and the Public Service, Hon. Audley Shaw has announced that a new project is to be launched to collect approximately J$ $13.5 billion in outstanding Property Taxes.

In opening the 2017-2018 Budget Debate on Thursday, Mr. Shaw stated that tax compliance is one of the most important issues for the new Financial Year, which will commence on April 1.

Property Taxes are a critical revenue stream for the operations of the island’s Municipal Corporations, which fall under the Ministry of Local Government and Community Development. These taxes pay for, among other things, garbage collection and the provision of streetlights.