Business and Occupation Licence Renewal

Business and Occupation Licence Renewal

BASSETERRE, ST. KITTS, JANUARY 31TH 2014 (Inland Revenue Department) – 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, organisations 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. – See more at:

http://www.winnfm.com/press-releases/7147-business-and-occupation-licence-renewal#sthash.1NIKyRv3.dpuf

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