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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BUSINESS LICENCE PAYMENTS AND REGISTRATION FOR TAX

If the application for licence is approved, the successful applicant will receive notice from the Ministry of Finance or the Inland Revenue Department, informing them to visit the Inland Revenue Department to officially register the business and pay for the licence.

On completion of the registration and payment, the Department will issue a Business and Occupation Licence Certificate. This must be displayed in the business place of operation, where it can be viewed by the general public. If the owner has applied for multiple licences, each licence must be displayed in the appropriate business location.

During registration, the owners may be registered for other taxes as provided by the tax laws of the Federation. The compulsory taxes are the Unincorporated Business Tax (UBT) for those businesses that are not incorporated and the Corporate Income Tax (CIT) for those companies that are incorporated. There may be other taxes licences and fees associated with your enterprise. For example, an insurance business will also be registered for Insurance Premium Tax and Insurance Registration Fees and Tour operators will also be registered for Island Enhancement Tax

It is recommended that the business owner visit the Department, so that he /she can fully understand their tax rights, responsibilities and obligations and seek clarification on any issue they may have.

TIPS
  • The Inland Revenue Department accepts Cash, Personal and Manager’s Cheques, Bank Drafts and Postal Money as forms of payment.  Standing Orders may also be arranged. Taxpayers are asked to note that dishonoured cheques attract a fee of EC$146.60.