Transaction tax

$6.5 million in tax refunds paid | Guam News

The Department of Revenue and Taxation continues to issue tax refunds, most of which come from residents who pre-filed their returns for the 2021 tax year.

The latest batch included 2,197 refunds, paid either by direct deposit or mailed check and totaling $6.5 million for error-free returns filed by March 31, the governor’s office said in a news release. .

The governor’s office said about 78% of the $134.2 million in tax refunds paid out since Oct. 1, 2021, went to first-time filers in the 2021 tax year. More than 90% of weekly payments since the first batch of ongoing refunds were paid in February. were also for these filers, according to Adelup.

“Efforts continue to pay refunds weekly and within 6-8 weeks,” the governor’s office said.

The press release noted that residents who choose to receive their refunds by direct deposit will see a $0 transaction in their bank accounts before their payments are posted. Residents with questions can call DRT at 671-635-1840/1841 or email [email protected]