VAT Family Island Clinics To Begin

Authored by: VAT Department Source: VAT Department Date: October 23, 2014 VAT Family Island Clinics To Begin The Value Added Tax (VAT) Implementation Team along with a team from the Business License Department will be hosting a series of registration clinics in the Family Islands beginning on October 29th. The first clinic is scheduled for…

Ministry of Finance: Condo and Homeowners’ Association Fees Subject to VAT

Authored by: Ministry of Finance Source: Ministry of Finance Date: October 14, 2014 Amid increasing enquiries the Ministry of Finance explained today that maintenance fees for condominium and homeowners’ associations will be subject to VAT if the annual billings exceed the mandatory registration threshold of $100,000.  For some associations this threshold may not be reached…

30 Businesses Registered For VAT

Authored by: Sasha L. Lightbourne Source: Ministry of Finance Date: October 13, 2014 Just over 30 companies have registered online for Value Added Tax (VAT) since the online registration was launched earlier this week. The system was launched on October 13th and it is expected that all businesses meeting the taxable sales of $100,000 or…

Ministry of Finance says Registration is moving Ahead for Customs Virtual Warehouses, VAT Act sent for Gazetting

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 25, 2014 Commercial importers are encouraged to begin to submit their applications for the VAT transitional virtual warehouse arrangements. Applications for the warehousing privilege must be submitted by October 15. A spokesperson for the Ministry of Finance stressed that “there should be no concerns…