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2nd batch of tax refunds worth $3M being readied
Over $5M third and final batch to follow
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Posted on Oct 28 2020
The Department of Finance is now processing the second batch of income tax refunds worth $3 million after distributing close to $5 million in the first batch for 9,500 to 9,600 taxpayers.
Speaking at a radio news briefing Friday, Finance Secretary David DLG Atalig also disclosed that they anticipate a little over $5 million in the third and final batch to clear out tax refunds for all taxpayers that have filed and are error free.
He said the first batch was composed of those from the April 2 filings.
Atalig said they’re now processing and preparing the second batch of refunds worth about $3 million so it’s ready for distribution as soon as they get some reimbursement monies that are due to come early this week.
“So we will be distributing that next batch and then the third and final batch would be probably be in 10 days after,” he said.
Atalig said he does not have the details as to how many taxpayers are in the second batch. “But these will be for those taxpayers that filed after April 23rd date to current,” he said.
Atalig disclosed that the CNMI will be receiving some reimbursement funds from Super Typhoon Yutu disaster projects that were awarded to the CNMI. He said they are going to reserve that money since he’s been using funds out of the general fund to cover COVID-19 spending.
He said any COVID-19 reimbursements coming in are already allocated for the expenses of the ongoing COVID-19 mitigation programs like the quarantine costs, as well as additional personal protective equipment.
Atalig said they are working with other government offices on the Yutu reimbursements.
