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Posted: Wednesday 9 August, 2017 at 6:08 PM

Inland Revenue Department Press Release

By: IRD, Press Release

    The Foreign Account Tax Compliance Act (FATCA) Competent Authority for the Federation of Saint Kitts and Nevis informs Financial Institutions of the 2016 FATCA reporting.  

     

    BASSETERRE, ST. KITTS, August 09th 2017 (Inland Revenue Department) – The FATCA Competent Authority for the Federation of Saint Kitts and Nevis informs ALL Financial Institutions registered with the United States Internal Revenue Service (IRS) as Foreign Financial Institutions (FFIs), that the FATCA Enrolment and Filing process is ongoing.   
     
    The FATCA Enrolment Form along with the FATCA Portal User Guide, which assists the FFIs from enrolment to submission, can be accessed at www.sknird.com. FFIs not yet enrolled must first submit an application for enrolment, which will be reviewed and approved by the Department before they are able to submit any filings. 
     
    Please be informed that submissions of the 2016 FATCA data are now being accepted.  All 2016 filings should be submitted via the FATCA Portal on or before August 29, 2017. For further St. Kitts and Nevis FATCA updates and information, visit the St. Kitts and Nevis FATCA Competent Authority information page at www.sknird.com. 
     
    The Inland Revenue Department is charged with administering the tax laws of the Federation in an efficient and equitable manner, to promote voluntary compliance to maximize Revenue for the development of the Federation at the least cost to the public and in a manner that warrants the highest degree of Public confidence in our integrity, efficiency and fairness. The Inland Revenue Department is the prime revenue collections agency for the Government of St. Kitts and Nevis within the Ministry of Finance, located at Bay Road, Basseterre, and Charlestown, St. Kitts and Nevis, West Indies.
     
     
     
     
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