BASSETERRE, St. Kitts – THE Inland Revenue Department (IRD) has announced that tax for new registration for licencing of vehicles has changed from quarterly to a monthly basis.
This announcement was made by Senior Tax Inspector at the IRD, Oleah Prentice, who was at the time a guest on a recent edition of ‘Traffic Talk’.
“Previously, the Department was issuing the tax based on a quarterly basis for new registrations for licensing purposes. However, that was changed to monthly,” Prentice explained.
She declared that the new tax structure had taken effect from Monday, November 4, 2019 and that it would make the tax rate cheaper for new registrants.
She however explained that the annual fee would remain the same.
The Senior Tax Inspector also advised persons of the necessary documents needed when registering their vehicles.
“When registering a vehicle, if you are just registering, all you need is the registration document and identification. If you are licensing, you require your inspection and your insurance. We have seen persons just come in with the registration and insurance without their inspection so they have to go back and get the inspection.”
She explained that for transfers, proof of insurance is also needed, except in the case where persons would have notified the Traffic Department that the vehicle would not be on the road. By so doing, a waiver would be granted.
“We are asking the motorist to be mindful of this when you are doing a transfer. We require your transfer document from traffic, your insurance and, if you are a new tax payer to the Department, you will need identification,” said Prentice.
Persons are also asked to note that a vehicle must be registered with the Traffic Department before it can be licenced with the Inland Revenue Department.
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