NO. 75/2016 DATE: December 6, 2016
TAXES DUE FOR DECEMBER 2016
ST. GEORGE’S GRENADA, Tuesday, December 6th, 2016: The Inland Revenue Division (IRD) of the Ministry of Finance and Energy reminds the public of the following taxes that are due and payable for December, 2016.
December 7th - Pay as you Earn (P.A.Y.E.) &
- Withholding Tax
December 20th - (VAT) Value Added Tax
- Excise Tax Return Due & Payable
December 29th - Income Tax Returns for Businesses with Fiscal Year ending 30th September, 2016
December 31st - (A.S.T) Annual Stamp Tax Installment
- Corporation Tax & Personal Income Tax (Sole Proprietorship & Partnership) installments due
Persons are encouraged to pay early to avoid the long lines or fees and penalties from late payment.
NB: When the due date falls on a Saturday, Sunday or Public Holiday, the next working day will be the due date for payment.
Late Payment: A taxpayer who fails to pay all or part of a tax including withholding tax due for a tax period within fourteen days of the due date, or by the due date specified in the notice of assessment, if later, is liable to a late payment fee equal to 20 percent of the amount of tax due but not paid. A person who fails to pay all or part of an installment required pursuant to the Income Tax Act Cap 149 within fourteen days of the due date for the installment is liable to a late payment fee equal to 10 percent of the amount of tax due but not paid.
Late Filing: A taxpayer who fails to file a tax return on or before the date on which it is due is liable to pay a late fee equal to the greater of:
· Five percent (5%) of the amount of the tax owing, plus a further one percent of the amount of tax owing for each month or part of a month during which the failure to file continues; and
· Five hundred dollars ($500), plus a further one hundred dollars ($100) for each month or part of a month during which the failure to file continues.
Payments can be made at the Ministry of Finance, any District Revenue Office and through the Ministry's online portal: www.eservices.gov.gd (Please use Chrome or Firefox platform).
For further information, please contact Mrs. Kareen Morain-Alexander, Public Relations Officer- Inland Revenue Division, Ministry of Finance and Energy at 435-6945/6 or visit us at www.ird.gd
339 GRENADA TO DRAFT A COUNTRY PROGRAMME TO ACCESS CLIMATE FINANCE UNDER THE GREEN CLIMATE FUND (GCF)
315 INCREASED INVESTOR CONFIDENCE IN GRENADA LEADS TO OVER-SUBSCRIPTION OF EC.56 MILLION IN TREASURY BILLS
214 VALIDATION WORKSHOP: DIAGNOSTIC ASSESSMENT OF THE CONSUMER PROTECTION LANDSCAPE IN THE OECS REGION
204 NEW CUSTOMS OFFICERS RECEIVE TRAINING IN MONITORING AND CONTROL OF TRADE IN OZONE DEPLETING SUBSTANCES (ODS)
200 GRENADA TO BENEFIT FROM REGIONAL DEMONSTRATION PROJECT FOR THE REFRIGERATION AND AIR-CONDITIONING SECTOR
197 OECS COUNTRY MISSION TO UNDERTAKE DIAGNOSTIC ASSESSMENT ON CONSUMER AFFAIRS LANDSCAPES IN MEMBER STATES
196 ENERGY DIAGNOSIS AND POLICY EVALUATION WORKSHOP AS GRENADA MOVES FORWARD IN DEVELOPING NATIONAL ENERGY PLANNING GUIDELINES
84 Government to meet with Public Sector Unions to discuss new protocol for Statutory Bodies and State Owned Enterprises
58 November 3, 2014 - DISCUSSION OF DRAFT SCOCIAL COMPACT ON GBN TELEVISION – TUESDAY NOVEMBER 4TH, 2014
54 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE IN SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
53 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE ON SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
50 September 18, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY 2015 BUDGET PREPARATION MOVING INTO HIGH GEAR
48 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
47 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
37 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
36 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
24 April 24, 2014 - NOU AND GRENCASE COLLABORATES TO PROVIDE TRAINING IN REFRIGERATION AND AIR-CONDITIONING FUNDAMENTALS
21 April 1, 2014 - GOVERNMENT AND PUBLIC SECTOR UNIONS COMMENCE TALKS ON MEMORANDUM OF UNDERSTANDING FOR HOME-GROWN PROGRAMME OF FISCAL ADJUSTMENT AND REFORMS
20 April 1, 2014 - REGISTRATION OF LICENSED NON-BANK FINANCIAL INSTITUTIONS IN COMPLIANCE WITH FATCA
19 March 27, 2014 - GOVERNMENT AND DIGICEL SIGN AGREEMENT FOR INSTALLATION OF ELECTRONIC TRACKING SYSTEM DEVICES IN ALL GOVERNMENT VEHICLES
15 March 6, 2014 - GRENADA TO HOST ENERGY FOR SUSTAINABLE DEVELOPMENT (ESD) PROJECT INCEPTION MEETING
11 February 26, 2014 - 3RD INSTALLMENT OF RETROACTIVE PAYMENTS TO PUBLIC OFFICERS AND TEACHERS DEFERRED
10 February 25, 2014 - GRENADA CUSTOMS AND EXCISE DIVISION ANNUAL AWARD AND RECOGNITION CEREMONY, 2014
8 February 12, 2014 - COMMITTEE OF SOCIAL PARTNERS MOVING STEADFASTLY TOWARDS THE FINALISATION OF A SOCIAL COMPACT