BASSETERRE, St. Kitts, January 8th 2016 -- In keeping with our new thrust of improving the quality of our services and providing better information to the general public, the Inland Revenue Department wishes to remind the general public 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 persons carrying on business in the Federation of St. Kitts and Nevis, irrespective of their size and location, are required by law to obtain a business licence before commencing business activity, including owners of Taxi’s 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, organizations 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 per month, for every month after the Licence fee becomes due and payable.
The Department would also like to encourage all persons and organizations, to contact the Inland Revenue Department if they have any further questions, or require additional information about Business Licences or any matter related to taxes and licences.
The Department further wishes to take this opportunity to thank the general public for their continued cooperation and 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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