[
January 12, 2002 ] |
|
NEW
TELEPHONE SYSTEM
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|
The Inland Revenue Department
is advising the public that it is in the process of changing the telephone
system at the Administrative Offices and the Kingston Collectorate,
1-3 King Street, Kingston. The
process will be completed by December 15, 2001.
As a consequence, during
the changeover period, persons may experience difficulty when trying
to contact these offices by telephone.
The Department apologies
for any inconvenience and advises that in the interim, contact may
be made on the following numbers :
·
Public Relations -
967-4716
·
Taxpayer Service
-
967-4067
·
Compliance
-
967-8024/29
|
[
February
6, 2002 ] |
|
Taxpayer
Appeals in Action
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|
The
Taxpayer Appeals Department (TAD), established in December 1999, has
now been conferred with the legal framework to hear tax appeals.
The House of Representatives recently passed a resolution,
which gives taxpayers the right to appeal a decision made by a Tax
Commissioner.
The
amendments to the various Revenue Acts provide that where a taxpayer
is not in agreement with the decision of a Tax Commissioner, there
is a recourse. The regulations,
soon to be gazetted provide
that the appellant may write to the Commissioner of Taxpayer Appeals
outlining the name, address, contact number and TRN of the appellant
and the grounds of the appeal.
Copies of any documents relevant to the appeal should accompany
any application for an appeal.
It is expected a decision on an appeal will be issued by TAD
within 6 months.
The
services of TAD, which are free to the taxpayer, may be accessed by
contacting their offices located on the first floor of the Office
Centre Building, 12 Ocean Boulevard, in Downtown Kingston, or phoning
922-1767.
Mr.
Errol Hudson, Acting Commissioner TAD, who has over 30 years tax experience,
says that his trained staff will be striving to achieve their mission
of “resolving tax controversies without litigation on a basis which
is fair and impartial to both the Government and the taxpayer.”
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[
February 14, 2002 ] |
|
Earlier
Opening for Tax Offices
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|
Fourteen
(14) of the Twenty-eight (28) Inland
Revenue Department (IRD) locations across the island now open earlier
for the convenience of the public.
Tax
Offices located at King Street, Cross Roads and St. Andrew in the
Corporate Area, Buff Bay and Port Maria in the Eastern end of the
island, Spanish Town and Mandeville in the Central Region and Montego
Bay in the West will now open for business at 8:00 a.m. The Collectorates located in Morant Bay, Port Morant,
Port Antonio, Annotto Bay, Brown’s Town, St. Ann’s Bay and Linstead
will begin operations at 8:30 a.m.
The
regular 9:00 a.m. opening will continue for the other 14 Collectorates.
The closing hours of 4:00 p.m. Mondays to Wednesdays and 3:00
p.m. Thursdays and Fridays remain in effect for all Collectorates.
The
earlier opening is in response to a recent customer service survey
in which customers expressed a need to have some tax offices open
earlier. One customer
stated, “I want to be able to do my business before going to work”.
Mrs.
Norma Kerr-Clarke, the recently assigned Commissioner of IRD, has
stated that, “the Inland Revenue Department is an organisation which
is responsive to the needs of its customers and that the Tax Administration
is working to provide customer satisfaction”.
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[
February 14, 2001 ] |
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Customer
Appreciation at Spanish Town Revenue Centre
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|
The
Spanish Town Revenue
Service Centre, located at 1 Twickenham Park hosts a customer appreciation
day February 15, 2002, to mark its third anniversary.
The day’s activities will feature an exposition, in which information
about the revenue departments will be on display.
Interested persons will also be able to tour the facilities.
The
Spanish Town Revenue Services Centre, houses offices for the Inland
Revenue Department (IRD) Spanish Town Collectorate, Taxpayer Audit
and Assessment Department (TAAD) and Tax Administration Services Department
(TASD).
Since its opening three years ago, the Centre serves the growing
needs of the Portmore and Spanish Town communities and their environs,
providing the full range services to the taxpaying public.
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[
February 25, 2002 ] |
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Income
Tax Returns Due March 15
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March
15 is the due date for filing Income Tax Returns and paying outstanding
tax liabilities.
Business operators such as self-employed individuals, partners,
companies, other bodies and employed persons with other sources of Income,
are reminded that returns should be filed, using the prescribed forms,
on or before the March 15 due date.
A
Declaration of Estimated Income and Tax Payable (IT07) is also due to
be filed on March 15.
Payments based on estimated income should be made quarterly on
or before March
15, June 15, September 15, and December 15.
Return
forms are available at any of the 28 Collectorates Island wide.
These are to be fully completed and submitted at any “tax office”.
Failure to comply with the requirements of the Income Tax Act
may result in penalties being imposed or court action being taken.
Return
to List |
[
March 1, 2002 ] |
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Taxpayer
Service Hits the Streets
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Beginning
March 4, Inland Revenue Department (IRD) will be using centrally located
shopping centers, police stations and court houses in major towns
as service sites to assist taxpayers to file their income tax returns
to meet the March 15 due date.
The
Taxpayer Service Programme which primarily targets small business
operators and sole traders will see Taxpayer Service staff of IRD
providing assistance to taxpayers on how to complete and file their
income tax returns. During
the busy tax period leading up to March 15, the programme, which is
currently available at all 28 Collectorates islandwide, will be offered
at other convenient locations from 9:00 a.m. to 3:00 p.m.
In
the corporate area, business operators may visit Manor Centre on March
5, Constant Spring Tax Office on March 7 and 15, the Harbour View
Police Station on March 12 and the Gordon Town Court House on March
13.
Taxpayers
wishing to utilize the service are advised to take along their business
documents such as bank statements, invoices, receipts, sales records
and Taxpayer Registration Number (TRN) used in their business operations.
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to List
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[
March 7, 2002 ] |
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March
15 Deadline for Income Tax Returns
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The
March 15 deadline for filing Income Tax Returns for 2001 and Estimated
Returns for 2002 is fast approaching.
With less than one week to go, business operators such as self-employed
individuals, partners, companies, other bodies and employed persons
with other sources of Income, are urged to file their tax returns
on or before the March 15 due date.
Return
forms which are available at any of the 28 Collectorates Island wide,
should be fully completed and submitted at any “tax office”. Failure to comply with the requirements of the Income
Tax Act may result in penalties being imposed or court action being
taken.
Return to List |
[
March 14, 2002 ] |
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Income
Tax Returns Due Today
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Today, March 15 is
the due date for the filing of Income Tax Returns for 2001 and Estimated
Returns for 2002.
Business operators such as self-employed individuals, partners,
companies, other bodies and employed persons with other sources of Income,
are urged to file their tax returns and avoid actions being taken against
them.
Return
forms which are available at any of the 28 Collectorates Island wide,
should be fully completed and submitted at any “tax office”.
Failure to comply with the requirements of the Income Tax Act
may result in estimated assessments being raised and or court action
being taken against the non-compliant taxpayer.
Return
to List
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[
March 20, 2002 ] |
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Removal
of Tax on Dividends
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The
removal of income tax on dividends becomes effective on April 1, 2002.
At that date, the income tax payable on dividend income paid
by a company listed on the Jamaica Stock Exchange (JSE) will be zero.
The
income tax on dividends was phased out over a three-year period dating
from June 2000, which saw a gradual reduction in the rate of tax payable
on dividends. On June 1,
2000 the rate of tax payable on dividend income was reduced to 20%.
April 1, 2001 saw a further reduction in the tax rate on dividends
to 10%. April 1, 2002 will
see the elimination on tax on dividends.
Tax
payable on dividend income received from companies not listed on the
JSE remains at 25% by individuals and 33 1/3% in the case of payments
to companies and any other person.
Return to List
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[
March 22, 2002 ] |
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IRD
Facilitates – Collection of All Taxes
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|
The
Inland Revenue Department (IRD) will effect earlier opening hours for
the period Monday March 25, 2002 to Thursday March 28, 2002 at it’s
major offices, to facilitate the collection of all taxes.
The extended service will be offered at the Spanish Town, Mandeville,
Constant Spring, Cross Roads, King Street and Montego Bay collectorates
from 7:30 a.m. and the St. Ann’s Bay Office from 8:00 a.m.
Taxpayers
are reminded that the Prime Minister has announced a waiver of 100%
off penalties and interests on Property Tax arrears until the end of
March 2002.
|
Return to List
[
April 1, 2002 ] |
|
Extended
Opening Hours Continue At IRD
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|
The Inland Revenue Department (IRD)
will continue to offer extended opening hours for the month of April
at all twenty-eight Collectorates islandwide. Services will be offered
from 7:30 a.m. until 4:30 p.m. Mondays to Wednesdays and 7:30 a.m. until
3:00 p.m., on Thursdays and Fridays.
Mrs.
Norma Kerr-Clarke, IRD Commissioner says, “this is being done in order
to facilitate our customers as traditionally, April has proven to be
one of our busiest months.”
This
service will also assist those taxpayers who still wish to take advantage
of the discounts being offered on penalties and interest charged on
Property Tax arrears until June. Taxpayers are reminded that a Taxpayer
Registration Number (TRN) is not required at this time, when paying
Property Tax.
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[
April 10, 2002 ] |
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Customs
Valuation Information Booth
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The Jamaica Customs Department is
inviting importers of goods to visit their Valuation Information Booth,
which has been set up at the Customs Head Office, Marcus Garvey Drive,
Newport East.
Visitors to the booth will receive
assistance and guidance in completing the new Declaration Forms C84
and C85, from officers of the Valuation Unit.
They will also have the opportunity to ask questions or raise
concerns relating to the proposed new Valuation System, which is shortly
to be implemented.
The booth will be in operation from
April 11 – 30, 2002 and will be open to the public Mondays – Fridays,
9 a.m. – 3 p.m.
The new system is being implemented
under the W.T.O Valuation Agreement, which was signed by the Jamaican
government in March 1995, and which places the burden of proof on the
importer, to determine the correct value.
Return to List
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[
May 3, 2002 ] |
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IRD
Resumes Regular Hours
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|
The
offices of the Inland Revenue Department will resume their regular opening
hours effective Monday May 6, 2002.
During March and April, all collectorates were opened from 7:30
a.m. to 4:30 p.m. in response to the busy tax period and to facilitate
customers.
Tax
Offices located at King Street, Cross Roads and St. Andrew in the Corporate
Area, Buff Bay and Port Maria in the Eastern end of the island, Spanish
Town and Mandeville in the Central Region and Montego Bay in the West
will again open for business from 8:00 a.m.
The Collectorates located in Morant Bay, Port Morant, Port Antonio,
Annotto Bay, Brown’s Town, St. Ann’s Bay and Linstead resume operations
at 8:30 a.m.
The
regular 9:00 a.m. opening will return for the other 14 Collectorates.
The closing hours of 4:00 p.m. Mondays to Wednesdays and 3:00
p.m. Thursdays and Fridays remain in effect for all Collectorates.
Return to List
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[
May 17, 2002 ] |
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Income
Tax Relief for Taxpayers
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Taxpayers
can now benefit from relief of penalty and interest on income tax arrears.
The relief offer, which was announced by the Minister of Finance, Dr.
Omar Davies in his recent budget presentation, comes into effect immediately.
Applications
for relief must be made in writing to the Inland Revenue Department
(IRD) by July 31, 2002, outlining proposals for settling tax liability
by March 31, 2003. Taxpayers
in the corporate area and the eastern parishes (Regions 1 and 2) should
address their applications to the Commissioner, IRD 1 – 3 King Street.
Taxpayers in central Jamaica (Region 3) should send their applications
to the Assistant Commissioner, Mandeville Collectorate while taxpayers
in western Jamaica (Region 4) should send applications to the Assistant
Commissioner, Montego Bay Collectorate.
The
amount of relief will be based on the time in which the tax liability
is paid according to the following schedule.
i.
Payment of tax arrears by June 30, 2002
80%
ii.
Payment of tax arrears after June 30, 2002
but on or before September 30, 2002
60%
iii.
Payment of tax arrears after September 30, 2002
but on or before December 31, 2002
40%
iv.
Payment of tax arrears after December 31, 2002
but on or before March 31, 2003
20%
Taxpayers
who have made prior repayment agreements with IRD and who have honoured
the terms of their agreements, may negotiate to bring their agreements
within the terms of these new arrangements.
Additionally,
taxpayers who have paid their tax liability in full prior to the offer,
but who still have outstanding liabilities for penalty and interest,
may apply for relief from a portion of the outstanding penalty and interest.
Applications
for income tax relief will be considered on a case – by – case basis.
Taxpayers who obtain approval for relief but fail to pay the
tax liability in full during the relief period will receive a pro-rated
portion of the relief.
Return to List
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[
June 14, 2002 ] |
|
CUSTOMS
MODERNIZATION – THE WAY FORWARD
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The
Jamaica Customs Department is currently in the final phase of a major
modernization project, as it strives to meet the demands of the Government
and industry players to become a world-class organization.
A Steering
Committee chaired by the Director General, Tax Administration, Clive
Nicholas with representation from the President of the Jamaica Civil
Service Association, Wayne Jones, Lazarus Bucknor of the Jamaica Chamber
of Commerce, Fiscal Services Ltd., the Cabinet Office and the Revenue
Protection Department, oversees the process.
A key
component of the modernization is the development of human resources,
with an aim of revitalizing the work force, reviewing business processes
and automation.
The modernized
Jamaica Customs is seeking to recruit and retain staff, who are efficient,
result oriented, service oriented, add value to the organization and
see the need for a positive change in the organization’s operations
and culture. All persons
are asked to apply for a position in the modernized Jamaica Customs.
The selection
process has three components, an interview, a psychometric assessment
and a written exercise. The
selection of candidates is based on an evaluation of the various components
and a determination of the general suitability of the candidates based
on the psychometric profile in order to fit the new Customs organization.
To ensure
an objective and transparent selection process, interview panels, chaired
by the Office of the Services Commission, comprise senior staff from
the Customs Department, Ministry of Finance and Planning, Office of
the Director General of Tax Administration and, where applicable, persons
with technical experience form either the public or private sector.
A completion
date of June 30, 2002 has been set for the completion of the recruitment
process. However, it is
likely that an additional week or two will be required.
To date one hundred and twenty seven (127) positions at the supervisory
level and above have been filled, while one hundred and seven (107)
unsuccessful applicants have been referred to the Office of the Services
Commissions for redeployment in the wider Public Sector, or retirement
as appropriate. Currently
four hundred and thirty (430) candidates are undergoing psychometric
testing at the Senior Customs Officer and Customs Officer levels, having
completed interviews and written exercises.
In an
effort to prepare staff for interviews and the possibility of separation,
Customs Department initiated a series of information and counseling
sessions. Staff Counselors
from the Public Sector Employee Assistance Programme have held group
sessions in various units of Customs and are readily available for individual
staff at their request.
All
successful or unsuccessful candidates are given an opportunity to discuss
their overall performance. While
they will not be given scores, a general report is discussed with the
candidate.
Despite
our current restructuring and staffing exercise, the Jamaica Customs
Department has been achieving its targets and maintaining good relations
with stakeholders.
Under
the modernization project, a number of systems were implemented much
to the satisfaction of the importing public.
These are:
·
Pre-Arrival
Processing System
·
Fast
Track Entry Processing
System
·
GATT
Valuation Agreement
Pre-Arrival Processing System
-
Under this system importers are
able to submit their entries and pay the duty before the vessel arrives
in Jamaica, thus speeding up release of goods once they are landed.
-
This system has been running
successfully and comes with much approval from Customs Brokers.
Fast Track System
-
In an effort to further facilitate
trade the Jamaica Customs Department introduced a Fast Track System.
Under this system, Customs Brokers who maintain a maximum of
5% error free entries qualify to use this system.
It allows for speedy processing of their entries within one to
two hours.
-
To date this system has proven
successful with an increase of over 200% in the number of brokers eligible
to use the system since its inception.
GATT Valuation Agreement
-
The transition to the new GATT
Valuation Agreement was a smooth one.
Most if not all stakeholders were adequately informed, educated
and where necessary trained on the GATT Valuation Agreement.
Jamaica
Customs has always, despite the reduction in staff and the change in
some processes met and exceeded its budgeted financial targets due to
the determination and commitment of the present work force.
Return to List
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[
June 20, 2002 ] |
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After Graduation, What’s Next?
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Freedom
at last! Or is it? Remember with freedom comes responsibility. After
you leave school, taxation becomes a reality.
This is an important phase in your life when you may have an
income of your own for the first time.
This feature answers common questions about taxes.
What
is Tax?
It is the Government’s way
of raising money to spend for the common good. Wherever it comes from
- PAYE (Pay As You Earn ), GCT (General Consumption Tax), Income Tax,
Customs Duties. It pays for services like healthcare, welfare, education
and defence.
What
is Income Tax?
This is tax paid on income
earned once you earn or receive over a certain amount in the tax year.
What
income is taxable?
The most common forms are
:
·
Pay
and other earnings from work including bonuses, commissions and fees.
·
Profits
from a business
·
Interest
from savings
Do
I pay tax on all I earn?
No. Every resident is entitled
to a tax free income of $120,432 for the year 2002. This is called the
Income Tax threshold. Only income above that amount is taxable at 25%.
In addition to paying income tax, individuals contribute to
the National Insurance Scheme (NIS) at a rate of 2˝% of a maximum of
$250,000 per annum; Education tax of 2% and National Housing Trust (NHT)
of 2%. (NB.
Companies do not receive a threshold and are taxed at a rate of 33 1/3%.)
When
do I start to pay Income Tax?
Once your salary/income exceeds
the threshold, on a weekly, fortnightly or monthly basis, tax will be
deducted whenever you are paid.
How
do I know that I have paid the right amount of tax?
It is quite simple to check
your own tax payment. Subtract the NIS and any other allowable deductions
(e.g. Employee Share Ownership Programme (ESOP) and/or approved superannuation,)
from your gross pay. Then
apply the threshold, the balance will be taxed at 25%.
If you have paid too much
tax, you should submit a return and apply for
a refund; if too little, you should file a return showing the
additional amount or an additional assessment will be raised by the
Department.
I
am going to university - will I have to pay tax on my holiday earnings?
This depends on your total
taxable income for the tax year. If this is likely to be less than the
threshold, apply to the Taxpayer Audit & Assessment Department through
your employer for you to be paid without tax being deducted.
Any
student grant or scholarship you receive is not treated as taxable income.
Do I need a reference number?
Yes.
To transact business with any revenue office, obtain a driver’s
licence or to get a student’s loan, you will need a Taxpayer Registration
Number (TRN). You may register for a TRN at any Collectorate islandwide
or at the Taxpayer Registration Centre in Kingston.
Where can I get more information?
If you need more information
about taxes, you may visit the website or call 1-888-TAXHELP (829-4357)
or visit the tax help desk at the Career and Education Expo on June
28 and 29 at the Hilton Kingston Hotel.
Return
to List
|
[June 25, 2002]
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Revenue
Agents Graduate
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Fifty-four
(54) Revenue Agents graduated on June 25 following an intensive thirteen
(13) months Tax Audit and Revenue Administration (TARA) Post Graduate
Diploma Programme, bringing to 438 the number of agents trained since
the inception of the programme in 1986.
The Graduation exercise held at the Senior Common Room at the
University of the West Indies, Mona Campus was attended by a large contingent
of tax officials and the business community led by the Honourable Michael
Peart, Minister of State in the Ministry of Finance and Planning, Clive
Nicholas, Director General Tax Administration, tax Commisioners, Maria
Jones, CEO of MIND and Garth Kiddoe of the Institute of Chartered Accountants.
Minister
Peart in his address to the graduates, challenged them “as bright, young
professionals to assist in the process of moving the informal economy
into the formal economy”, and remininding them that “the leadership
of the public sector will soon be in their hands”.
A
centrepiece of the government's thrust for an improved assessment and
collection system through effective tax administration, the TARA programme
develops Revenue Agents capable of auditing all tax types, ensuring
compliance and performing informational checks, all tasks which were
previously assigned piecemeal to officers of various agencies.
The
Tax Administration Services Department (TASD) collaborates with the
Management Institute for National Development (MIND) in selecting candidates
with a degree or diploma in Accounting, Management Studies, Business
Administration or any other related discipline.
Participants are then trained in a balanced programme of classroom
and on-the-job training, in areas such as auditing, revenue law, accounting
and statistical techniques, to prepare them to function as effective
tax auditors and administrators.
Return to List |
[June
27, 2002] |
|
Jamaica
to host regional tax conference
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|
The
Jamaica Tax Administration is set to host the 17th General
Assembly and Technical Conference of the Caribbean Organisation of Tax
Aministrators (COTA) from July 22 – 26 at the Jamaica Conference Centre
in Kingston.
The
biennial Conference under the theme “Modernization of Tax Administration:
Strategies & Techniques for an Integrated Region”, will see delegates
of the 14 member countries assembling to exchange ideas and experiences.
Jamaica, which recently underwent a modernization
exercise under a Tax Administration Reform Project (TAXARP), will be
presenting two (2) technical papers on, “A Framework for Modernizing
Tax Administrations: Internal and External Arenas” and “Modernizing
Structures in Administration to Improve Tax Compliance”.
In addition, presentations will be made by a number of other
countries and organizations including observer countries Canada and
the United States of America, who will also share their experiences.
Clive Nicholas, Director
General of Tax Administration in looking forward to the upcoming conference
has said that, “communication and cooperation are critical components
for the development of the Caribbean Region, as we all share one goal.
The COTA Conference gives us a platform to share our ideas and
benefit from each other’s experiences”.
Return to List
|
[July 22, 2002] |
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Regional
tax conference begins
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|
The
17th General Assembly and Technical Conference of the Caribbean
Organisation of Tax Aministrators (COTA) hosted by Jamaica began on
July 22 at the Jamaica Conference Centre in Kingston.
In an opening ceremony attended by over 200 guests including
the members of the accounting fraternity, the business community and
the diplomatic corps, the Minister of Finance, Dr. the Honourable Omar
Davies was the keynote speaker.
The
biennial Conference under the theme “Modernization of Tax Administration:
Strategies & Techniques for an Integrated Region”, saw delegates
of 18 member and affiliate countries assembling to exchange ideas and
experiences.
Jamaica, which recently
underwent a modernization exercise under a Tax Administration Reform
Project (TAXARP), will be presenting two (2) technical papers on, “A
Framework for Modernizing Tax Administrations: Internal and External
Arenas” and “Modernizing Structures in Administration to Improve Tax
Compliance”. In addition,
presentations will be made by a number of other countries and organizations
including observer countries Canada and the United States of America,
who will also share their experiences.
Clive Nicholas, Director
General of Tax Administration in looking forward to the upcoming conference
has said that, “communication and cooperation are critical components
for the development of the Caribbean Region, as we all share one goal.
The COTA Conference gives us a platform to share our ideas and
benefit from each other’s experiences”.
Return to List
|
[July
29, 2002] |
|
Nicholas
named President of COTA
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|
Mr.
Clive Nicholas, Director General Tax Administration was unanimously
elected as President of the Caribbean Organisation of Tax Administrators
(COTA) by delegates to the 17th General Assembly and Technical
Conference held July 22 – 26 at the Jamaica Conference Centre in Kingston.
His term of office will run until 2004.
The
biennial Conference under the theme “Modernization of Tax Administration:
Strategies & Techniques for an Integrated Region” came to a close
on July 26. Delegates from
fourteen (14) member, three (3) affiliate member countries and observers
from organisations such as the IRS, Inter - American Development Bank
and Canada Customs assembled to exchange ideas and experiences.
Clive Nicholas, Director
General of Tax Administration in accepting the position noted that,
“communication and cooperation are critical components for the development
of the Caribbean Region, as we all share one goal”.
Return to List
|
[August
8, 2002] |
|
Last
Chance to file Income Tax Returns
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|
Taxpayers
have until August 30 to file outstanding income tax returns for Years
of Assessment 2000 & 2001.
The
granting of an extension is subject to the conditions that applications
are made in writing to the Inland Revenue Department and that Declarations
of Estimated Income Tax for Years of Assessments 2000, 2001 & 2002
have been filed; payments for estimated tax paid in full for years 2000
& 2001 and the two installments for Year of Assessment 2002 paid.
The extension of time
offer does not apply to years prior to 2000 and expires on August
30.
Taxpayers
are encouraged to take advantage of this grace period to meet their
filing obligations, as no further extensions will be granted.
Failure to comply will result in actions being taken against
delinquent taxpayers.
Return to List
|
[AUGUST
27, 2002] |
|
NEW MOTOR VEHICLE FORM INTRODUCED
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|
A new motor vehicle transaction
form (MV01) has been introduced by the Inland Revenue Department.
The MV01 will replace the following forms :-
Ř
Application
to Register and Licence Motor Vehicle.
Ř
Application
for Personalized Registration Plates.
Ř
Application
for New Registration Plates.
Ř
Application
for Substitute Plates.
The
use of the MV01 is aimed at increasing efficiency by reducing
the number of forms required in the processing of motor vehicle transactions.
The MV01
forms are currently available in all 28 Collectorates islandwide.
Return to List
|
[August
27, 2002] |
|
Pay No GCT on Back-to-School
Supplies
|
|
Under the GCT Act certain
school items are zero-rated. Therefore
when shopping for the new school year, parents, guardians, teachers
and anyone buying school supplies must ensure that they are not charged
GCT on goods such as children’s picture books; maps and charts of all
kinds including atlases, wall maps and printed globes; Stationery and
educational apparatus and equipment (including those used for games
and physical training); stationery (including writing paper) printed
forms etc. purchased by schools; exercise books,
wooden pencils and erasers; sports equipment including some
clothing specifically designed for sports; school uniforms and school
bags; computer equipment and accessories.
Schools can also benefit
from paying no GCT on goods bought for the institution.
However there is a procedure that must be followed for the school
to obtain a zero-rated status, allowing the school to make a purchase
of any equipment or supplies without paying GCT.
In order to obtain a zero-rated
status, a representative of the school should visit any of the 28 Collectorates
islandwide and present three (3) copies of a Proforma invoice from a
supplier. The invoices
should be accompanied by an original cover letter from the school, signed,
stamped and authorized by the principal, bursar or any other designated
officer from the institution, which clearly states the nature of purchase,
cost and the quantity of goods required.
Return to List
|
[September 16, 2002] |
|
New locations for TCC soon
|
|
Taxpayers
will soon benefit from an expansion and reorganization of Tax Compliance
Certificates (TCC) operations.
Five additional locations, St. Andrew, Spanish Town, Mandeville,
Kingston and St. Ann’s Bay Collectorates will shortly offer the service
in phase one of a decentralization process.
This will bring to seven the number of locations from which taxpayers
can obtain a TCC, as presently they are only issued from the Tax Compliance
Certification Unit in Kingston and the Montego Bay Revenue Service Centre.
Phase
two of the programme will see the Collectorates in Port Antonio, May
Pen, Santa Cruz and Sav-la-Mar offering the service.
Other Collectorates will be included based |
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