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About $700,000 paid out in tax rebates so far, says ministry

Employees await payroll taxes (File photograph)

The Ministry of Finance has reminded payroll tax rebate applicants and their employers to follow up with their government applications.

The ministry has received 5,116 applications from employees and has so far given about $700,000 in rebates to 3,625 people.

A spokeswoman for the Ministry of Finance said that “a significant number” of those who had not yet been paid were missing information from the applicants or their employers.

She added that some of them had been contacted multiple times, to no avail.

The spokeswoman said: “We encourage any applicants and employers contacted regarding this rebate to please respond as soon as possible so that outstanding applications can be completed.”

The payroll tax return, whose deadline was December 15, would offer cash back to those making less than $96,000 as per the Public Treasury (Administration and Payments) (Salary Based Benefit) Regulations 2022.

Those making less than $60,000 would receive $250, while those making between $60,000 and $96,000 would receive $100.

Approximately 125 applications were either denied by the applicant’s employer or deemed ineligible because of the amount of their salary.

Once correct information has been given, payments can be processed within about five business days.

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Published December 30, 2022 at 6:28 pm (Updated December 30, 2022 at 6:31 pm)

About $700,000 paid out in tax rebates so far, says ministry

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