Filing taxes locally might be delayed this year as the Department of Revenue and Taxation has announced it needs to update its processing and programming system for the 2020 income tax filing season.
Annual updates might play a part in setting back Guam’s 2020 tax filing season, according to a notice issued on Dec. 31, 2019 by DRT.
The department announced that they wouldn’t be accepting individual or corporate income tax returns for tax year 2019 until further notice.
In a phone statement to PNC, DRT deputy director Michelle Santos said the agency wasn’t ready and that they follow the same guidelines as the Internal Revenue Service which also won’t be accepting returns until Jan. 27.
DRT attributes the delay to needing to wait for finalized forms from the IRS before it could perform the updates so that the DRT system calculates correctly, based on the forms, and processes tax returns immediately.
Meanwhile, Rev & Tax also announced 205 tax refund checks totaling approximately $810,987 for tax returns that are error-free will be mailed out in the coming days.