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.

 

TRANSFER OF VEHICLE OWNERSHIP

The registered owner of the vehicle must complete and sign a Declaration of Transfer Form in the presence of an officer of the Licencing Authority. The transferee if possible, should also be present and to sign. The officer witnessing the signing will sign the form and advise the new owner of the next steps in the process, which are, (1) obtaining insurance for the vehicle under the new owner’s name and (2) the payment of transfer and licencing fees, if any, at the Inland Revenue Department.

If the registered owner elects to keep the vehicle registration number, then a registration form will be issued to, and completed by the new owner, and a new number is assigned to the vehicle.

If the registered owner is not on the island or cannot present themselves to the Licencing Authority, then a notorised letter addressed to the Traffic Department must be sent, indicating the owner’s intention, along with a description of the vehicle including manufacturer and model name, engine and chassis number, manufacture year and colour.

If the registered owner is deceased, then the individual who has lawful possession of the vehicle, must present an affidavit filed in the court, indicating their entitlement to ownership of the vehicle. A copy of the affidavit will be kept at the Licencing Authority and the original will be stamped, endorsed and sent to Inland Revenue Department to effect the change.

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.