Business persons and individuals who owe back taxes have until Monday to pay up in order to qualify for full forgiveness of interest and penalties on their arrears.

The amnesty programme, which has been in effect since April 11, will continue to August, but the size of the waivers will diminish with each passing month.

The Tax Administrative Services Department (TASD) says it has collected J$2.8 billion in outstanding taxes under the programme.

"Additionally, about 1,500 new taxpayers have used the opportunity to become registered and pay outstanding amounts," the TASD said.

"The tax departments have also received thousands of requests for statements of accounts from business persons, as they prepare to pay their outstanding taxes in an effort to get relief from the interest and penalties."

Applications for the amnesty can be made online and are at the revenue centres islandwide.

Until June 30, the Inland Revenue Department says it will open for extended hours at 11 collectorates.

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