June GCT Returns deadline extension expires August 15
The Acting Commissioner General of TAJ, Mr. Ainsley Powell, last week announced the extension of the due date from July 31 to August 15, 2014. He explained that “some suppliers and government entities were experiencing challenges in fully implementing the new policy and therefore needed more time to work through the changes”. During the period TAJ is increasing support to persons in order for taxpayers to meet the August 15 deadline. Taxpayers and government entities are encouraged to use the channels available to them to make the process an easier one.
Under the new policy, government entities, which include ministries, departments, agencies and some public bodies, are required to pay GCT. The amount is however to be withheld and paid over to TAJ. To accommodate the new requirement 400 government entities have been registered as Tax Withholding Entities (TWEs), and are now responsible for providing their suppliers with withholding tax certificates (WTC) based on the GCT reflected on their invoices and for uploading the information on the certificates on to the TAJ database. This will allow suppliers to claim the amounts on the WTC as credit when filing their GCT returns. TWEs that have not yet uploaded their certificates should proceed to do so in light of the August 15 deadline, which is fast approaching.
Suppliers filing GCT returns and claiming credit, based on Withholding Tax Certificates (WTC) issued to them, are reminded that they are required to file online. Suppliers are advised that where they are unable to claim their withholding tax credit from the WTC’s on their GCT return for June that they can do so on the July or any other subsequent return.
For further information persons may call the Tax Administration Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) or visit the website www.jamaicatax.gov.jm.
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