24.1 C
Basseterre
Thursday, December 3, 2020
Home News Local News Financial Services Representatives From Nevis Named To International Tax Unit

Financial Services Representatives From Nevis Named To International Tax Unit

NIA CHARLESTOWN NEVIS — Representatives from the Financial Services Regulatory Commission and Inland Revenue Department on Nevis have been named to a recently established International Tax Unit set up within the office of the Comptroller of Inland Revenue in St. Kitts and Nevis.

Prime Minister Hon. Dr. Timothy Harris, Minister of Finance in the government of St. Kitts and Nevis, announced the establishment of the unit during the debate on St. Christopher and Nevis (Mutual Exchange of Information in Taxation Matters (Amendment) Bill, 2020 at November 17, 2020, sitting of the National Assembly in Basseterre.

“The unit that we have set up comprises in the main three functionaries – Ms. Adiola Moore, the Assistant Comptroller, Head of the Unit; Ms. Fredericia Hodge from the Inland Revenue Department on St. Kitts; and Ms. Janesha Daniel from the Inland Revenue Department on Nevis.

“We have drawn upon the professional support from both the federal end the Nevis Island Administration to have a coordinated response for matters to do with international taxation,” he said.

Beyond the International Tax Unit, an interdepartmental team has been established to provide support to the government in matters of cooperation and international tax matters.

The team of eleven officials drawn from across the federal government and the Nevis Island Administration (NIA) includes Ms. Heidi-Lynn Sutton, Regulator at the Financial Services Regulatory Commission in Nevis; Ms. Rhonda Nisbett-Browne, Senior Legal Counsel at the Legal Department in the NIA; Mrs. Joan Browne, Principal Assistant Secretary in the Ministry of Finance in the NIA; and Mrs. Neva Manners-Limonta, Deputy Comptroller of the Inland Revenue Department on Nevis.

Mrs. Neva Manners-Limonta, Deputy Comptroller at the Inland Revenue Department in Nevis
The Prime Minister, the mover of the Bill, described the group as “a professional team of persons working to assist the country forward”.

He said the team has day to day oversight of the government’s response to issues related to international taxation and the provision of information to the appropriate authorities in other jurisdictions.

“I gather that the team has been working very hard. There have been a number of meetings and the work has been advancing very well,” he said.

The International Tax Unit was formalized with the passage of St. Christopher and Nevis Mutual Exchange of Information in Taxation Matters (Amendment) Bill, 2020, in the National Assembly on November 17, 2020.

The legislation saw a change in the competent authority on the mutual exchange of information with respect to tax matters from the Financial Secretary to the Comptroller of Inland Revenue.

Prime Minister Harris said the Act is one of the necessary legislative amendments that had to be made, as St. Kitts and Nevis seeks to maintain its commitment to promote international standards of transparency and the exchange of information for tax purposes.

 

Most Popular

Old Road Rehabilitation Project Suffers Another Delay

By Kevon Browne St Kitts and Nevis (WINN): Another hurricane season has come and gone and the Old Road Rehabilitation Project still remains incomplete. The Old...

Amidst Global Economic Strain, SKN 2021 Budget Looms

By Devonne Cornelius St. Kitts and Nevis (WINN) — Citizens and residents of St. Kitts and Nevis are to expect the federal budget address on...

Basseterre Fisheries Complex Under New Management With New Protocols After Fish Poisoning Scare

By Kevon Browne St Kitts and Nevis (WINN): The Basseterre Fisheries Complex was re-opened on Friday, November 27 2020 under new management and with revised...

Premier Brantley Credits Strong Leadership For Keeping Nevis Afloat

NIA CHARLESTOWN NEVIS  -- Hon. Mark Brantley, Premier of Nevis and Minister of Finance in the Nevis Island Administration (NIA) is crediting strong leadership...

Government Writes Off LIAT $11 Million Debt

By Kevon Browne St Kitts and Nevis (WINN):  St. Kitts-Nevis has agreed to write-off EC$11 million owed by debt-ridden regional airline LIAT (1974) Ltd. LIAT, now...

Education Minister Hon Powell Commits To Secure Higher Success Rate In Mathematics

BASSETERRE, ST. KITTS, December 2, 2020 (MMS-SKN) -- Mathematics continues to be a problematic subject for many of the secondary school students in the...

St Lucia Remains Destination of Choice Despite CDC Level 3 Alert

(Loop SLU) The Saint Lucia Tourism Authority (SLTA) says tourism arrivals are not expected to diminish despite Saint Lucia’s high-risk COVID-19 status with the...

Abuse Remains An Issue For The Differently-Abled, Says Anthony Mills

Basseterre, St. Kitts (SKNIS): On Thursday, December 03, 2020, St. Kitts and Nevis will observe the International Day of Persons with Disabilities, which is...

Kolkata Knight Riders Buy stake In US Major League Cricket

MUMBAI, India (Reuters) – Indian Premier League (IPL) team Kolkata Knight Riders (KKR), co-owned by popular Bollywood actor Shah Rukh Khan, has picked up...

US Justice Department Investigates Alleged ‘Bribery For Pardon’ Scheme at White House

(The Guardian) An alleged “bribery for pardon” scheme at the White House is under investigation by the justice department, according to a court filing...

OPEN IN NEW WINDOW

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe