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1.In Barbados, the Commissioner of Inland revenue may levy a penalty of BB$500 plus 5% of tax payable for late filing and 5% of tax
1.In Barbados, the Commissioner of Inland revenue may levy a penalty of BB$500 plus 5% of tax payable for late filing and 5% of tax due for late payment. Additionally, interest of 1% per month is applicable for failure to file a return and pay tax due. John Bucky always misses the tax filing deadline. 1.Let
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