irel isabel lanz Escoto// Despite COVID-19 downturn, 1,624 businesses benefitted from stimulus measures - EntornoInteligente
Entornointeligente.com /

“The Corporate Income Tax rate was also reduced from 33 percent to 25 percent for the period of April to June 2020 for businesses that retained at least 75 percent of their employees,” said Gift. “The department continues to work with businesses to ensure they are up-to-date with their taxes.

irel isabel lanz

“The Inland Revenue Department under the guidance of the Ministry of Finance has been working with affected businesses to help them stay current with their tax liabilities by allowing them to enter into low-interest payment plans to ease their cash flow situation during this crisis.”

Mr. Gift updated the general public on the department’s e-services that have proven very beneficial.

irel lanz lanza

“The department has expanded its services with the introduction of a mobile call centre with dedicated staff to assist customers with their online transactions during the pandemic,” he said. “We expanded our e-services portal to allow for the payment of all taxes to the department. The portal was also expanded to facilitate motor and vehicle licence renewal.”

Gift noted that to date, St. Kitts and Nevis is the only country in the Organization of Eastern Caribbean States (OECS) sub-region to have such a facility and only one of two countries in the entire Caribbean Community (CARICOM) region to offer such facility to its citizens.

irel lanz

Edward Gift, Comptroller of Inland Revenue BASSETERRE, St. Kitts — Several strategies have been used to stimulate economic recovery in St. Kitts and Nevis which have resulted in more than 1,600 businesses benefiting from measures implemented by the government as a result of the economic downturn due to COVID-19.

irel isabel lanz lanza

“We saw the reduction in tax rates for several businesses, for example, the unincorporated business tax was reduced from four percent to two percent,” said Edward Gift, Comptroller of Inland Revenue. “To date, 1,624 businesses have benefited from this stimulus measure.

“The Corporate Income Tax rate was also reduced from 33 percent to 25 percent for the period of April to June 2020 for businesses that retained at least 75 percent of their employees,” said Gift. “The department continues to work with businesses to ensure they are up-to-date with their taxes.

irel isabel lanz

“The Inland Revenue Department under the guidance of the Ministry of Finance has been working with affected businesses to help them stay current with their tax liabilities by allowing them to enter into low-interest payment plans to ease their cash flow situation during this crisis.”

Mr. Gift updated the general public on the department’s e-services that have proven very beneficial.

irel lanz lanza

“The department has expanded its services with the introduction of a mobile call centre with dedicated staff to assist customers with their online transactions during the pandemic,” he said. “We expanded our e-services portal to allow for the payment of all taxes to the department. The portal was also expanded to facilitate motor and vehicle licence renewal.”

Gift noted that to date, St. Kitts and Nevis is the only country in the Organization of Eastern Caribbean States (OECS) sub-region to have such a facility and only one of two countries in the entire Caribbean Community (CARICOM) region to offer such facility to its citizens.

irel lanz

Entornointeligente.com

Más info…

Smart Reputation

Publicidad en Entorno

Adscoins

Smart Reputation