NO. 155/2019 DATE: June 11, 2019
The Inland Revenue Division (IRD) wishes to advise the general public that in keeping with the provisions of the Value Added Tax Act 2009, the sale of “Fancy Mas” carnival costumes will attract a 15 percent VAT as of the 2020 tax period.
This was agreed to after a recent consultation held with “Fancy Mas Bandleaders”.
However, as it relates to Monday Night Mas packages, please be reminded that the sale of each package will attract the 15 percent Value Added Tax (VAT) as per normal.
All Mas Bandleaders who are not yet registered with the IRD are encouraged to register with the Division for tax purposes by July 1st, 2019.
Bandleaders who have formed a company or alternately operate in their own name (Sole Trader), please note the following for:
· A Company structure: the requirement would be to file and pay Corporation Income Tax along with other applicable taxes.
· A Sole Trader structure: the requirement would be to file and pay Personal Income Tax, along with other applicable taxes.
The public is also informed that in accordance with the provisions of the VAT Act, prices quoted by promoters on tickets for all public entertainment events should be VAT INCLUSIVE.
Inland Revenue Division
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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
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