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 could subject one to a penalty of fifty dollars for each day that the licence fee remains unpaid. Additionally, organisations and individuals not in good standing with the Department are in contravention of the law and are liable to incur an additional penalty of 1 percent interest 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 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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