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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FILING A CORPORATE TAX RETURN

Any business incorporated in Saint Christopher and Nevis must file an Income Tax Return even if the corporation did not have any business transactions during the year or if it was granted a tax holiday. In addition, any non-resident, corporation or otherwise, with a permanent business establishment in Saint Christopher and Nevis must also file an annual Income Tax Return. Saint Christopher and Nevis Branch offices of offshore corporations are treated as if they were incorporated in Saint Christopher and Nevis and as separate tax entities from their head office.

The Corporate Income Tax Return must be filed on the forms prescribed by the Comptroller. If you are unclear about which forms you should be using, we encourage you to contact the Inland Revenue Department.

The Corporate Tax Return is due three and one half (3½) months after the fiscal year end of the entity. For example, if the fiscal year end of a corporation is the 31st December, the Income Tax Return must be filed with the Inland Revenue Department on or before the 15th of April of the following year. Similarly, if a corporate year end is the 30th of June, the Income Tax Return must be filed on or before the 15th of October.

The official filing date depends on the delivery method. If the Corporate Tax Return is hand delivered, the return will be date stamped by Inland Revenue on the day it is received by the department and that date will be considered the filing date. If the Income Tax Return is mailed or delivered by some other delivery method, the postmarked date will be considered the date of filing. In the event that a tax return is filed late, penalties and interest will be applied.

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.