Reminders

"The Inland Revenue Department is requesting all taxpayers whose personal information is obsolete, to kindly visit the office at their earliest convenience to facilitate updates"

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The Automatic Exchange of Information (AEOI) Competent Authority for the Federation of Saint Kitts and Nevis has revised the filing deadline for FATCA and CRS reporting

The Saint Kitts and Nevis AEOI Competent Authority wishes to advise the Financial Institutions that it is now extending its FATCA reporting deadline for the 2019 reporting period to 30th November 2020.
The Saint Kitts and Nevis AEOI Competent Authority is also extending its CRS reporting deadline for the 2020 reporting period to 30th November 2020.

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Liquor Licence

The St.Kitts and Nevis Government has suspended all Liquor Licence renewals until further notice.

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Liquor Licence

All Liquor Licence renewals start at the Sir Lee Llewelyn Moore Judicial Complex (Court's Cashier.) The stub given there, should be presented to the Inland Revenue Department in order to process the Licence.

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The Due Date for Payment of Property Tax 2020 has been extended to September 30, 2020, as per the initiative outlined in the COVID-19 Stimulus Package 2020"

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Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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E-SERVICES

e-Licence Services

VAT Registrants

FATCA Services
LATEST NEWS
  • Tax Advisory

    BASSETERRE, ST. KITTS, 1 st October 2020 (Inland Revenue Department) – The St. Kitts and Nevis Inland Revenue Department (SKNIRD) wishes to advise that on March 24, 2020 the Government of St Kitts and Nevis introduced the Covid-19 Stimulus Package for the three-month period April to June 2020. This sought to provide relief to all citizens of St Kitts and Nevis who would be affected by the pandemic due to reduced business activity, business closures, job layoffs, etc. Included in the Stimulus Package was a reduction in the Corporate Income Tax (CIT) rate from 33% to 25% for the three-month period April to June 2020 with the requirement that at least 75% of the company’s staff be retained. Since the initial announcement, a subsequent announcement by the Prime Minister, Hon. Dr. Timothy Harris, extended the benefits of the Stimulus Package a further 3 months inclusive of July to September 2020. This advisory notice seeks to provide guidance on the application of the reduction to 25% in the CIT tax rate once the taxpayer meets the requirement above. Upon completion of the Corporate Income Tax Return, the amount calculated as Chargeable Income will be apportioned based on the number of months that fell within the April to September 2020 period. For example, if a company’s year-end is June 30, 2020 then three months would qualify for the 25% tax rate. The total chargeable income would be pro-rated.

  • Licences on Business and Occupation

    The Department wishes to remind the general public that all Business & Occupations Licences should be renewed on or before January 31st each year.

    Failure to comply, will result in the Department taking the following actions;

    • A penalty charge of Fifty Dollars ($50XCD) for each day that the licence fee remains unpaid, and

    • An interest charge of One percent (1%) per month.

  • AEOI New Filing Deadline 29th August 2019

    The AEOI Competent Authority wishes to advise the Financial Institutions that the Common Reporting Standard (CRS) filing deadline of 31st May as indicated in legislation, has been extended to 29th August 2019. The CRS filing deadline has been extended to that of the Foreign Account Tax Compliance Act (FATCA) reporting deadline of 29th August to allow Financial Institutions to meet both reporting obligations at once. Read More...

  • PRESS RELEASE FOR E-VEHICLE REGISTRATION AND LICENCING

    BASSETERRE, ST. KITTS, 12TH JULY, 2019 – The Inland Revenue Department is pleased to announce the extension of its online services, with the addition of E-vehicle licencing and E-vehicle registration.
    Senior Tax Inspector, Oleah Prentice, addressed the decision of the expansion of the online services, with the addition of E-vehicle licencing and E-vehicle registration. She said, “The extension of the e-Motor Vehicle Registration and Licensing of the Department’s E-Service initiative is not only convenient but it also saves time as motor vehicle owners can complete the process from home, office or on the go via their laptops, computers and mobile devices."
    Both services allow taxpayers to licence and register their vehicles without standing in line at the office. The Inland Revenue Department has also taken every precaution to ensure the security of your information, as such all e-files are encrypted to prevent access to data as it moves from your device to the Inland Revenue Department’s data base. read more...

  • E-Motor Vehicle Registration and Licensing
    The Inland Revenue Department is pleased to announce that the E-Motor Vehicle Registration and Licensing initiative will commence this Friday 26th July 2019. The extension of the Department’s E-Service initiative focuses on making transactions easier for the taxpayers of the Federation to do business. It also saves time as motor vehicle owners can complete the process online from home, office or on the go via their laptops, computers and mobile devices. Taxpayers are advised to register for the E-services via the website https://www.sknird.com/NewUserRegistration_Design.aspx . For more information regarding e-services please contact our Taxpayer Services Unit at (869) 465-8485 Ext.3400/3406/3408 or visit our new office (Former John Gumbs Building) on the Bay Road.
  • PRESS RELEASE FOR Discounted VAT Rate Days 2019
    BASSETERRE, ST. KITTS, NOVEMBER 22nd 2019 (Inland Revenue Department) – The Inland Revenue Department (IRD) is pleased to announce that the 13th and 21st December, 2019 are the prescribed dates for the Discounted VAT Rate Days. This will allow all VAT registered businesses to charge VAT at the rate of 5% on the sale of goods only. All tangible items that are currently subject to 17% VAT will qualify for the discount on Discounted VAT Rate Day. Items eligible must also be available for sale and immediate issuance or delivery to the customer on Discounted VAT Rate Days. Orders for items not in stock do not qualify. Guns, ammunition, cigarettes and alcoholic beverages are not eligible. Alcoholic beverages not eligible include but are not limited to Wine, Brandy, Vodka, Whiskey, Gin, Rum, Liqueurs, Beer, Guinness, Royal Stout, Carib, and Smirnoff Ice. For vehicle purchases, VAT will be exempt on the first $50,000.00 and VAT at the standard 17% will be charged thereafter. Businesses desirous of registering for Discounted VAT Rate Day must ensure that: • They have filed all their VAT returns • Have no outstanding taxes, licenses, penalties and or interest due to the Inland Revenue Department and or the Customs & Excise Department. Applications forms can be collected from the Inland Revenue Department’s Main Office on the Bay Road, and the Charlestown Office and must be returned on or before December 6th 2019 at 3pm. NB: All businesses that submit an application form will be notified of their status in writing. For more information concerning application and registration for Discounted VAT Rate Days, kindly contact the Inland Revenue Department, Taxpayer Services Unit at 465-8485 ext 3400/3401 or email us at inlandrevnue@sknird.com, visit our website at www.sknird.com or our Facebook page at wwww.Facebook.com/St.KittsandNevisInlandRevenueDepartment. 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.
  • St. Kitts Nevis Inland Revenue Department _______________________________________ The Automatic Exchange of Information (AEOI) Competent Authority for the Federation of Saint Kitts and Nevis revises filing deadline for FATCA and CRS reporting.


    BASSETERRE, ST. KITTS, 20th May 2020 (Inland Revenue Department) – The IRD predicts that the on-going global COVID-19 Pandemic will most likely affect the Financial Institutions (FI) and Competent Authorities in meeting their 2020 international exchange deadlines. The AEOI Competent Authority for the Federation of Saint Kitts and Nevis has revised the filing deadline for the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting. The Saint Kitts and Nevis AEOI Competent Authority wishes to advise the Financial Institutions that it is now extending its FATCA reporting deadline for the 2019 reporting period to 30th November 2020. Furthermore, the Saint Kitts and Nevis AEOI Competent Authority is also extending its CRS reporting deadline for the 2020 reporting period to 30th November 2020. At this time, no further extension would be provided as the portal would be closed to accommodate transition to the new CRS XML Schema. For further Saint Kitts and Nevis FATCA and CRS updates
     and information, visit the Saint Kitts and Nevis CRS 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 Saint Kitts and Nevis within the Ministry of Finance, located at Bay Road, Basseterre, and Charlestown,
    Saint Kitts and Nevis, West Indies.

GUIDING YOUR BUSINESS
TIPS

  • All taxpayers with arrears, who have not made arrangements to pay their tax debt in full, are encouraged to contact the Inland Revenue Department immediately.  The Department is prepared to assist all taxpayers to honour their tax obligations by providing payment arrangements that considers taxpayers unique circumstances.
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