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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PLACES OF OPERATION AND TRANSFERRING OF LICENCES

A Business Licence is location specific, which means, a licence is required for each place of operation. If the location of the business changes, the owner must notify the Ministry of Finance prior to the move.

 Each place of business chargeable

Where different stores, shops or other premises are kept in the name of one person or firm, a separate licence shall be taken out for each place of business, store, shop or other premises:

Licences are not transferable.

The licence is not transferrable between locations. In addition, a licence is not transferable between licence holders, except in the following cases:.

1. Provided that a business licence to a natural person shall on the death of the licensee be deemed to be transferred to the widow or widower of the licensee, so long as the widow or widower remains unmarried:

2. Provided also that a business licence held and used by a company may be transferred on the sale of the company.

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.