Reminders

The Automatic Exchange of Information (AEOI) Competent Authority for the Federation of Saint Kitts and Nevis has revised the filing deadline for FATCA and CRS reporting

The Saint Kitts and Nevis AEOI Competent Authority wishes to advise the Financial Institutions that it is now extending its FATCA reporting deadline for the 2019 reporting period to 30th November 2020.
The Saint Kitts and Nevis AEOI Competent Authority is also extending its CRS reporting deadline for the 2020 reporting period to 30th November 2020.

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Wheel and Driver Licences

The extension for the renewal of wheel and driver licences for both March and April has been extended to the 8th May 2020.

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Liquor Licence

The St.Kitts and Nevis Government has suspended all Liquor Licence renewals until further notice.

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Liquor Licence

All Liquor Licence renewals start at the Sir Lee Llewelyn Moore Judicial Complex (Court's Cashier.) The stub given there, should be presented to the Inland Revenue Department in order to process the Licence.

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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.

 

OBJECTING TO AN INCOME TAX ASSESSMENT

 If you disagree with an assessment, you must first submit a written request for an administrative review to be performed by the Comptroller. That request must be delivered to the Comptroller no later than one month from the date of the assessment. This written application of an administrative review must clearly state the reason for the objection. Failure to request an administrative review in the proper form and within the time limits could result in the taxpayer losing any rights to object or appeal the assessment. Once the administrative review is complete, the Comptroller will notify the taxpayer in writing of the findings and the reasons for those findings.

It is very important that you follow the appropriate procedures in Section 61 of the Income Tax Act Cap 20.22, if you disagree with an assessment of the Corporate Tax Return.

If the taxpayer disagrees with the findings of the administrative review, they must appeal to the Tax Commissioners in writing not later than one month after the date of the notice of the Comptroller’s findings from the administrative review. Failure to appeal to the Commissioners in the proper form and within the appropriate time limits could result in the taxpayer losing any rights to object to the assessment.

The full details of objections, including objection forms, are covered under the OBJECTIONS AND APPEALS section on the website.

TIPS
  • A tax liability is in arrears once the debt is not paid by the prescribed due date.