Inland Revenue Department announces new Tax Refund Policy
Effective tax season 2024, the Inland Revenue Department (IRD),will be implementing a new Tax Refunds’ Policy whereby Personal Income Tax refunds would ONLY be issued to taxpayers via direct deposit to their financial institution accounts, as opposed to the current method of issuing refunds by physical cheques. Prior to the direct deposits being made, taxpayers would receive notice of the refund via personal email address ONLY - provided to the …