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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RUNNING YOUR BUSINESS

After you have registered your enterprise at the Inland Revenue Department, you may proceed to begin conducting your business activity. However, as stated before there are tax obligations which must be met. It is important for taxpayers to file and pay their taxes on or before the required due date. Depending on the type of tax for which you are registered you may have to file tax returns monthly, quarterly or annually. For example, VAT returns will have to be submitted monthly; UBT returns are to be submitted quarterly and CIT returns are submitted annually.

The Department will send out remittances to taxpayers by e-mail or through the post. The due dates for submitting returns will be shown on the form. Should you fail to receive a form please contact the Department to have one resent or you can come into the office and have one printed for you. The Department has also begun using E-Services where you have the convenience of filing and paying from any location and at any time.

To avoid paying interest and penalties, it is important to file and pay taxes on time. Interest and penalty charges begin the day after the due date. Interest charges range from 1% to 5% per month, depending on the tax type. Penalty charges are from $ 100.00 per month to 5% of the outstanding tax.

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.