Reminders

The Due Date for Payment of Property Tax 2020 has been extended to September 30, 2020, as per the initiative outlined in the COVID-19 Stimulus Package 2020"

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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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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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APPLYING FOR A BUSINESS LICENCE

All businesses, whether incorporated or sole trader, are required to have a business licence before the start of operations as stated in the Licences on Businesses and Occupations Act Chapter 18.20

(1) Notwithstanding anything contained in any other law, every person wishing to carry on a business, occupation or trade or practising any profession mentioned in the Schedule to this Act, as a condition precedent to carrying on any such business, occupation, profession or trade, shall apply in writing to and obtain from the Minister a licence to engage in or to conduct such business, occupation, profession or trade and such licence shall be according to the classification thereof in the said Schedule, and shall be issuable on payment of the prescribed fee.

(2) A licence issued under subsection (1) of this section shall entitle the holder thereof, for the period specified in the licence, to carry on the specified business or occupation, profession or trade from the designated place of business.

Applications for a Business Licence should be submitted to the Ministry of Finance, located at Golden Rock, Basseterre. The Business and Occupation Licence Application must be fully completed when submitted, and applicants must provide two forms of picture identification, for each owner listed on the application. Acceptable IDs are passports, St Christopher and Nevis drivers licence, St Christopher and Nevis Social Security card and National Identification card. Other international forms of identification, such as driver licences and national IDs may be accepted.

Depending on the type of licence being sought there may be further requirements. For example, a licence to operate a restaurant will require that the premises and surrounding environment, be examined by a health officer, before the licence is granted. In addition, there will be periodic checks to ensure that the premises remain sanitary, and all the health codes are being followed.

Other types of businesses may have other regulations and rules, set by other government agencies which must be followed before a licence is issued. These agencies will also be responsible for ensuring that the rules are followed after operations have started.

There are many different types of business licences with different fees. The Business and Occupation page of the website contains a list to which you can refer.

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