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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WHEN IS INCOME TAX DUE

Taxpayers are required to pay their income tax in installments. Installments are due at the end of each quarter of the calendar year which are, the 15th of March, the 15th of June, the 15th of September and the 15th of December (Amendment Act No. 6 of 2006)(Section 44 (6) of The Income Tax Amendment Act No. 6 of 2006).

Installments are generally one quarter (¼) of the total taxes payable on the most recent Corporate Tax Return that had been filed with the Inland Revenue Department. However, the Comptroller may estimate the amount of the installments due from any taxpayer as long as there is a reasonable basis for that estimate. Any balance owing on an Income Tax Return is due on the filing deadline of the tax return. If payment is received after that date, interest will be charged commencing on the day after the filing deadline and will continue to be charged until the amount owing has been paid in full. To be considered for an extension to pay, the taxpayer must make an application, using the RLP-001: Application: Request To Pay After The Due Date, outlining the specific reason requested for the extension. The granting of an extension to pay means that late payment penalties will not be assessed, however, interest charges will not be waived.

TIPS
  • Taxable entities and individuals are reminded that all documents are to be kept for a period of 6 years. Approval must be granted by the Comptroller for earlier disposal of the same.