Basseterre, St. Kitts (WINN)- The government is announcing the extension of duty-free concessions until January 31 and the due date for the payment of Business and Occupation Licenses until March 31, 2021.
The duty-free concessions extension is linked to challenges faced by shipping agencies as a result of the COVID-19 Pandemic and applies to foodstuff up to 400 pounds in weight; non-commercial imports are granted a duty-free allowance of EC$540 or US$200 off the Cost, Insurance, and Freight (CIF) value of goods.
“My Government has been attentive to the concerns from various local couriers, shipping agents, and their customers, as it relates to the delivery of goods by suppliers in the United States of America to their facilities in Miami. The said goods should have arrived in the Federation in December 2020. However, due to backlogs in Miami, these goods did not arrive by the December 31, 2020 deadline. Accordingly, our citizens and residents could not benefit from the usual US$200.00 concessionary allowance on their imports.
In light of this, it is agreed that to facilitate non-commercial entities importing goods, the allowances will be extended to January 31, 2021.” Prime Minister Dr. Timothy Harris said in his New Year’s Address to the Nation.
Dr. Harris said his administration understood that the crisis caused by the COVID-19 had affected different people and segments of the economy in different ways.
“Therefore we will:
extend the due date for the payment of Businesses and Occupation Licenses for all Businesses from January 31, 2021, until March 31, 2021.
ensure that the Inland Revenue Department works with affected businesses to help them stay current with their existing tax liabilities by allowing them to enter low-interest payment plans to ease their cash flow situations.
Taxi and Tour Operators unable to pay their Businesses and Occupation Licenses for 2020 & 2021 would be allowed to license their vehicles provided that they enter into a payment plan for the settlement of any outstanding Businesses and Occupation Licenses.”