Reminders

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.

 

FATCA FOR FINANCIAL INSTITUTIONS

The United States has defined a Foreign Financial Institution (FFI) for FATCA purposes to be any entity that:

 

      • Accepts deposits in their ordinary course of business

            o Depository institutions (for example, banks)

 

      • Holds as a substantial portion of it’s business, financial assets for the account of others

            o Custodial institutions (for example, trusts)

 

      • Is engaged in investing, reinvesting or trading of securities

            o Investment entities (for example, hedge funds or private equity funds)

 

      • Are Insurance Companies (or the holding of Insurance Company) that issue contracts with an investment component.

 

Financial Institutions operating within the Federation of St. Kitts and Nevis that have registered with the United States Internal Revenue Service (IRS) to report under FATCA, are required to submit information to the St. Kitts and Nevis FATCA Competent Authority for onward transmission to the IRS. Information must be submitted using the St. Kitts and Nevis FATCA Portal. FFIs must first ensure they are registered with the IRS as information received upon IRS FATCA registration will be required for the St. Kitts and Nevis Portal Enrolment, including the Global Intermediary Identification Number (GIIN).

 

FFIs can also contact the St. Kitts and Nevis Competent Authority via email at fatca@sknird.com.


Click here  for more information published by the United States Internal Revenue Service (IRS)

TIPS
  • TIPS

    Use our E-services portal to beat the long lines which automatically extends your deadline to 11:59pm on the due date.

    Using our E-services portal allows you access all transactions made from the time the account was created, with no need to visit or call the Department!