Reminders

Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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Vehicle

All vehicle owners whose licence plate ends with 1, must renew their vehicle licence before January 31st. Similarly, if your vehicle licence plate ends with 2, you must renew your vehicle licence before February 29th to avoid interest charges and ticketing fees..

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All insurance companies are reminded that a statement showing the number of policies issued, the value of every policy and any other information required by the Accountant General must accompany the registration fee remittance and the insurance premium remittance. The forms can be found under Form & Guides tab then click on Tax Returns.

 




FATCA Services
LATEST NEWS
  • EXTENTION OF PROPERTY TAX AMNESTY

    BASSETERRE, ST. KITTS, 30th OCTOBER 2018 – In an effort to allow taxpayers to become current with their tax obligations, the Government of St. Kitts & Nevis is extending its Property Tax Amnesty Program, which includes, reducing the total amount of penalties and interest due to only $100, while the tax remain payable. The Property Tax Amnesty period is extended until 31st December 2018. Taxpayers with arrears are therefore encouraged to visit the Inland Revenue Department (IRD) to discuss how they can be assisted through the Amnesty Program. Flexible payment plans are available for taxpayers who are unable to settle the full amount before the end of the amnesty period. To be a part of the Amnesty Program, all payment plans including deposits must be made on or before 31st December 2018. The length of the payment plan and a minimum deposit would be determined after consultation with the IRD. Taxpayers are to note that in default of any payment, interest and penalties would be reinstated. A Property Tax Account Statement has been sent to all taxpayers whose accounts are in arrears. This statement outlines the tax, interest and penalties due and serves as a reminder to delinquent taxpayers. For additional information, please call the Department’s Debt Management & Filing Compliance Unit at (869) 465-8485 Ext.3438 or visit our new office (Former John Gumbs Building) on the Bay Road. The Inland Revenue Department is charged with administering the tax laws of the Federation in an efficient and equitable manner, to promote voluntary compliance, to maximize Revenue for the development of the Federation at the least cost to the public in a manner that warrants the highest degree of Public confidence in our integrity, efficiency and fairness. The Inland Revenue Department is the primary revenue collections agency for the Government of St. Kitts and Nevis within the Ministry of Finance, located at Bay Road in Basseterre and Charlestown in Nevis.

  • Common Reporting Standard (CRS)

    The Common Reporting
    Standard (CRS) Competent Authority for the Federation of St. Kitts and Nevis announces the extension of the 2018 filing deadline for CRS reporting.  According to the CRS legislation, Financial Institutions are required to file the relevant information by 31st May 2018. As a result of technical issues being experienced, Financial Institutions are hereby advised that the 2018 filing deadline has been extended to 31st July 2018. Further information will be communicated once the issues have been resolved.

  • Relocation of the Stamp Duty Unit
    The General Public is advised, that effective 12th October, 2015 the Stamp Duty Unit of the St. Kitts Inland Revenue Department has been relocated to the main office on the Bay Road, in Basseterre. All Stamp Duty operations that were previously carried out at the E.C Daniel building on Cayon Street, will now be carried out at the Bay Road office
  • Licences on Business and Occupation

    The Department wishes to remind the general public that all Business & Occupations Licences should be renewed on or before January 31st each year.

    Failure to comply, will result in the Department taking the following actions;

    • A penalty charge of Fifty Dollars ($50XCD) for each day that the licence fee remains unpaid, and

    • An interest charge of One percent (1%) per month.

  • Liquor Licences

    A Liquor Licence is a Government issued certificate that gives the legal right to any person who wishes to sell any liquor whatsoever, whether permanently or temporarily. Thus, a Liquor Licence should be obtained by any person wishing to sell, expose for sale, or keep for the purpose of selling any liquor whatsoever.

    Permanent Liquor Licence holders are reminded that January 31st is the deadline for the renewal of the aforementioned Licence. Any payment after the January 31st attracts interest at the rate of one percent (1%) per month.

    • Persons operating or desirous of operating permanently within the Parish of St. George will have an annual fee of $400XCD and $300XCD outside of the Parish of St. George.

    Note, that a Permanent Liquor Licence limits the holder to sell liquor in one specified location and a Temporary Liquor Licence does not limit the holder to sell at a specific location.

    For more information on the procedures for a Permanent Liquor Licence, contact the Magistrates Court at 869-467-1341 and for Temporary Liquor Licence, contact the Inland Revenue Department at 869-465-8485.

  • New Filing and Payment Periods for Quarterly Paid Taxes.

    The following taxes are paid on a quarterly basis,

    1. Unincorporated Business Tax

    2. Withholding Tax

    3. Island Enhancement Fund (E-Fund)

    4. Insurance Premium Tax

    5. Hotel and Restaurant Tax

    6. Travel Tax and

    7. Excise Tax

    The new filing and payment periods for the above listed taxes are as follows;

    March 15th, 2016 –(For the months of December 2015, Jan and Feb 2016)

    June 15th, 2016 –(For the months of March, Apr and May 2016)

    September 15th, 2016 (For the months of June, Jul and Aug 2016)

    December 15th, 2016 (For the months of September, Oct and Nov 2016)

    March 15th, 2017 (For the months of December 2016, Jan and Feb 2017)

  • FATCA PRESS RELEASE

    The Foreign Account Tax Compliance Act (FATCA) Competent Authority for the Federation of Saint Kitts and Nevis informs Financial Institutions of the 2016 FATCA Reporting.
    Saint Kitts and Nevis, BASSETERRE - The FATCA Competent Authority for the Federation of Saint Kitts and Nevis informs ALL Financial Institutions registered with the United States Internal Revenue Service (IRS) as Foreign Financial Institutions (FFIs), that the FATCA Enrolment and Filing process is ongoing.

    The FATCA Enrolment Form along with the FATCA Portal User Guide, which assists the FFIs from enrolment to submission, can be accessed at www.sknird.com. FFIs not yet enrolled must first submit an application for enrolment, which will be reviewed and approved by the Department before they are able to submit any filings.

    Please be informed that submissions of the 2016 FATCA data are now being accepted. All 2016 filings should be submitted via the FATCA Portal on or before August 29, 2017.

    For further St. Kitts and Nevis FATCA updates and information, visit the St. Kitts and Nevis FATCA Competent Authority information page at www.sknird.com.

  • E-services at Inland Reveunue Department

    To cater to the needs of our customers and provide them with more efficient service, the Department on July 15, 2013, launched its E-services. E-services is online access geared towards improving services that we provide to our taxpayers by making it easier for them to meet their tax obligations. E-services have now been extended to ALL our taxpayers including those for Property Tax. Taxpayers can now pay their property taxes; view balances and acquire a breakdown of your property tax information. One major benefit of this service is that it makes the process of paying taxes simple while another benefit is the wealth of information at your fingertips about your tax obligations. All taxpayers now have full access to Convenience, Efficiency, Security, Confidentiality and most of all Great Service! Sign up for our E-services TODAY!

  • CRS Filing extension for September 2018

    The Common Reporting Standard (CRS) Competent Authority for the Federation of Saint Kitts and Nevis further extends filing deadline of Financial Institutions for CRS reporting.

    BASSETERRE, ST. KITTS, 27th JULY 2018 (Inland Revenue Department) – The Common Reporting Standard (CRS) was developed by the Organization for Economic Co-operation and Development (OECD) as the global standard for the automatic exchange of financial information for tax purposes. CRS Competent Authority for the Federation of Saint Kitts and Nevis announces the extension of the filing deadline for CRS reporting.

    Under CRS, Financial Institutions in the Federation are required to obtain specific financial account information for residents of jurisdictions with which the Federation has agreed to exchange such information.  This information is reported to the Competent Authority for exchange on an annual basis with the relevant reportable jurisdictions. The complete list of reportable jurisdictions can be found in Schedule 3 of the CRS Regulations, 2016 and CRS (Amendment) Regulations No. 12 of 2018.

    St. Kitts and Nevis has agreed to first exchanges of 2017 data, by September 2018. We wish to advise the Financial Institutions that the filing deadline of 31st May 2018 as indicated in legislation, has been further extended to 12th September 2018. The filing deadline for FATCA remains 29th August 2018.

    All Financial Institutions are asked to note that further information will be communicated once the reporting portal is activated. The Department wishes to apologize for any inconvenience caused.

    For further St. Kitts and Nevis CRS updates and information, visit the St. Kitts and Nevis CRS Competent Authority information page at www.sknird.com.

    The Inland Revenue Department is charged with administering the tax laws of the Federation in an efficient and equitable manner, to promote voluntary compliance to maximize Revenue for the development of the Federation at the least cost to the public and in a manner that warrants the highest degree of Public confidence in our integrity, efficiency and fairness. The Inland Revenue Department is the prime revenue collections agency for the Government of St. Kitts and Nevis within the Ministry of Finance, located at Bay Road, Basseterre, and Charlestown, St. Kitts and Nevis, West Indies.

TIPS
  • Payment of outstanding taxes and annual filings of financial statements, including tax returns, are due 3 ½ months following the end of the financial year of every company.