Guam – If you’re one of the many waiting for tax refunds, there may be some good news. Adelup says it has now caught up with income tax refunds and is now releasing refunds as quickly as possible.
Governor Lou Leon Guerrero, in her latest monthly address, said her administration is processing and paying tax refunds at a similar pace to previous years, even though it has to do so with less resources.
The governor said the reason for the delay in the refunds, is that the volume of prior year returns to process was unusually high and, by law, the Department of Revenue and Taxation is required to square away prior year returns before current refunds can begin.
“The Department of Revenue and Taxation is key to our financial strength. Under the leadership of Director Dafne Shimizu, we are not just increasing collections, we are also aggressively pursuing delinquencies,” the governor said. “Rev and Tax is working with the limited resources it has to be able to process tax refunds as quickly as possible. It may not be as fast as I would like, but we are processing and paying tax refunds at a similar pace to previous years—and we are doing it with less resources.”
The governor added that one of the many issues that need attention is strengthening GovGuam’s finances. She said it’s a difficult task but they have put together a competent and experienced fiscal discipline team to get the work done.
According to the Department of Revenue and Taxation and the Department of Administration, a total of 1,000 refund checks are being mailed this week totaling approximately $3.8 million for error-free returns filed on or before Jan. 31, 2019.