Tag: Inland Revenue

in NIA

Inland Revenue Department announces early closure on January 23rd

NIA CHARLESTOWN NEVIS (January 23, 2017) — The following is a notice of early closure from the Inland Revenue Department.

The Inland Revenue Department will be closed early on Monday January 23, 2017. The general office will be closed at 3 p.m. and the Payments Division at 2.30 p.m.

We apologise for any inconvenience this early closure may cause.

(more…)

in NIA

Inland Revenue Department lists business taking part in Discounted VAT Rate Day

NIA CHARLESTOWN NEVIS (December 15, 2016) — Friday, December 16, 2016, is designated as the 2016 Discounted Value Added Tax (VAT) Rate Day. This allows VAT-registered businesses to charge VAT at the rate of 5 percent on the sale of eligible goods only. 
 
This will not apply to businesses that render services. VAT for services will remain at 17 percent. Therefore, services such as legal fees, restaurant supplies, rent, tickets for lottery or raffles, top-up and phone cards are NOT eligible for the reduced rate.
 
The department notes that not every business registered for VAT will take part in Discounted VAT Rate Day. The 26 businesses participating in Nevis are:
 
A-1 Office Technology Ltd., A to Z Auto Colours Plus, Best Buy Grocery, City Drug Store (Nevis) Ltd., Dong Fang Supermarket, The Galleria, Evelyn’s Drugstore, Island Moldings Limited, Island Tyres & Hardware, Lefco Equipment Rental Construction Company Limited, Mohan’s Backhoe & Trucking Service, Office Machines Ltd., Peachicks, Pennyless Auto Parts, Price Busters Ltd., Rams Wholesale (Supermarket), Simon’s Contempo Fashion, S. L. Horsford Nevis Ltd., Sports Centre, S. Hunkins & Sons Ltd., Superfoods, TDC Nevis Ltd., TDC Rentals (Nevis), The New Mini Mall Household and Furniture and Zone 1 Auto.
 
The 36 businesses participating in St. Kitts are:

(l-r) Neva Manners-Limonta, Deputy Comptroller at the Inland Revenue Department and Collin Dore, Permanent Secretary in the Ministry of Finance commissioning the state-of-the-art bus stand on the Island Main Road near Horsford’s Valu Mart adopted by the department on Nevis on August 12, 2016

in NIA

Inland Revenue Department unveils state-of-the-art bus stand as part of tax awareness drive

NIA CHARLESTOWN NEVIS (August 18, 2016) — A bus stand with tax tips, Wifi access and the ability to recharge mobile devices, is the latest initiative by the Inland Revenue Department (IRD) on Nevis in its tax awareness drive. The IRD Bus Stop, as it’s called, is stationed on the Island Main Road near Horsford’s Valu Mart.
 
Colin Dore, Permanent Secretary in the Ministry of Finance, in remarks at a small ceremony to commission the facility on August 12, 2016, told the public that the bus stand is a token of appreciation from the department to taxpayers, which serves as a reminder to pay their taxes. 
 
“This initiative must not be seen as just an ordinary bus stop but instead as a means of educating, informing and reminding you, the taxpayers, of the array of taxes to which you are liable.
 
“Each time you drive pass, let this bus stop serve as a gentle reminder of the need to meet your tax obligations on time,” he said.
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