BASSETERRE, ST. KITTS, JANUARY 14TH 2013 (Inland Revenue Department) – In keeping with our new thrust of providing better information to our stakeholders and improving the quality of services offered to the general public, the Inland Revenue Department wishes to remind all concerned individuals and entities that the period for the renewal of Business and Occupation Licences has arrived.
Please note that the Licences on Businesses and Occupations (Amendment) Act, 2009 requires that all commercial entities desirous of operating in the Federation of St. Kitts and Nevis, irrespective of their size, are required by law to obtain a business licence before commencing business activity, including owners of Taxi and Omni Bus Operators.
It must be further noted that section (4) of the Act states that the prescribed licence fee shall become due and payable by all commercial entities on or before the 31st day of January each year. Failure to comply with the relevant provisions of the Act will result in a penalty of 1 percent interest per month or 12 percent per annum after the Licence fee becomes due and payable.
The Department would also like to encourage all concerned persons and organizations to contact the Inland Revenue Department if they have any further questions or need additional information on any matter. The Department further wishes to take this opportunity to thank the general public for their continued support.
The information presented is geared towards educating the general public to their rights, responsibilities, exemptions and tax obligations under the VAT system. The site features a wide variety of information about VAT, how it operates, why its implementation is suitable for St. Christopher and Nevis and how it is collected and made payable to the Inland Revenue and Customs and Excise Departments. Do come again soon as we endeavor to constantly update the site and provide you with more information regarding VAT.
Our Mission Statement
To administer the tax laws in an efficient and equitable manner to promote voluntary compliance to maximize revenue for the development of our Federation, at the least cost to the public in a manner that warrants the highest degree of public confidence in our integrity, efficiency and fairness.