Any business incorporated in Saint Christopher and Nevis must file an Income Tax Return even if the corporation did not have any business transactions during the year or if it was granted a tax holiday. In addition, any non-resident, corporation or otherwise, with a permanent business establishment in Saint Christopher and Nevis must also file an annual Income Tax Return. Saint Christopher and Nevis Branch offices of offshore corporations are treated as if they were incorporated in Saint Christopher and Nevis and as separate tax entities from their head office.
The Corporate Income Tax Return must be filed on the forms prescribed by the Comptroller. If you are unclear about which forms you should be using, we encourage you to contact the Inland Revenue Department.
The Corporate Tax Return is due three and one half (3½) months after the fiscal year end of the entity. For example, if the fiscal year end of a corporation is the 31st December, the Income Tax Return must be filed with the Inland Revenue Department on or before the 15th of April of the following year. Similarly, if a corporate year end is the 30th of June, the Income Tax Return must be filed on or before the 15th of October.
The official filing date depends on the delivery method. If the Corporate Tax Return is hand delivered, the return will be date stamped by Inland Revenue on the day it is received by the department and that date will be considered the filing date. If the Income Tax Return is mailed or delivered by some other delivery method, the postmarked date will be considered the date of filing. In the event that a tax return is filed late, penalties and interest will be applied.