TCI News
TCI: Penalty Rates Should Be Consistent Across All Government Bodies
#Providenciales, March 12, 2019 – TCI –While I appreciate the fact that the National Health and National Insurance are governed by separate Boards, the penalty for late payment should be consistent between these boards. The penalties for these Boards should also be the same as the Ministry of Finance which oversees the Business licence fees and Accommodation taxes. To be fair, I believe at one point, all bodies were charging the same 10% but somehow the rates change.
National Health Penalty
The penalty for the late payment of National Health Insurance is now 3% per month. This was change in 2014 after the amnesty period. Therefore, the first month will be 3%, the second month will be 6% and the third month will be 9% etc.
National Insurance Penalty
The penalty for the late payment of National Insurance change in 2011 after NIB offered the first and only amnesty. The penalty is now 10% for the first month and then an additional 3% for each month outstanding. Therefore the second month penalty will be 13%, the third month penalty will be 16% etc.
Business Licence Penalty
The penalty for the late payment of Business licence is 10% per month. Business licences are to be renewed by April 1st and if you renewed after April 30th, it will be 10% per month. If a business discontinues to operate, they must inform the Business Licence team otherwise, they will continue to charge the 10%. The first month will be 10%, the second month will be 20% and the third month 30%.
Accommodation Tax Penalty Rate
The penalty rate under the previous Hotel and tourism taxation ordinance was 10% per month for every month you were outstanding. Therefore, if you were outstanding for a year, the penalty would have been 120% and if you were outstanding for two years, the penalty rate would have been 240%
Based on section 28 of the new Hotel, restaurant and tourism taxation 2019 that the penalty rate has been changed to 20% and then an additional 1.5% for each month the taxes are unpaid. I think this new proposed rates are much better than what we currently have so I want to thank the Government for reviewing and implementing this change.
For example, if a company has $20,000 in unpaid taxes for 24 months, the penalty under the previous law would have been $48,000 plus the $20,000 unpaid taxes resulting in a total outstanding amount to Government for $68,000. Under this proposed law, the company penalty would be $11,200 plus the unpaid taxes of $20,000 resulting in a total outstanding amount of $31,200. This company would save $36,800
Financial Services Commission (FSC) penalty.
The FSC charges a penalty of a flat fee of $350 for every year a company does not pay their annual returns. If the company does not pay the annual return, the company is not consider to be in good standing.
Fortis
Fortis TCI is a private company and their penalty Rate is 2% per month is charged on all unpaid rates. Fortis also disconnects you if you do not pay by the required deadline. You have to pay the full amount to be reconnected.
Provo Water Company
Provo Water Company is also a private company and the penalty is 2% per month just like Fortis. PWC also disconnects you if you do not pay by the required deadline. You have to pay the full amount to be reconnected plus a flat reconnection.
FLOw and Digicel
Flow and Digicel do not charge a penalty. However, you will be disconnected if you do not pay your bill by the required time.
Recommendations
- A flat fee for late payment should be levy on business rather than the high% rate.
- At the end of each month, when payments are due, TCIG should run a report on who did not pay and let them desist from operating until they pay the taxes. If not, the taxes and penalties will continue to grow. Both TCIG and the customer will benefit from this.
- The recent amnesty waiver will not resolve future issue if customers do not have the discipline to pay the taxes on time.
- Business Licence should not be renewed if taxes are outstanding.
- Perhaps the payment dates for all taxes should be the same.
Conclusion
In addition to the above, I encourage everyone to familiarize themselves with the laws in their industry especially the accommodation taxation laws. Basically all services that are provided to guests during their stay at any accommodation are taxable. However, many of us do not know that and when the audit department inspects your books, you will be liable to pay the taxes and will incur not just the tax liability but also the penalties associated with it. It is interesting to note that the private sector penalties are lower than that of the Public sector. It appears that most people pay their taxes on time and so now is the time to have a flat rate across all the Public Sector Bodies.
By Drexwell Seymour
Turks and Caicos, October 28, 2025 – We are closely monitoring the impact of Hurricane Melissa on Jamaica, and our thoughts and prayers are with our regional neighbours for their safety and well-being
We are now entering a critical period as Hurricane Melissa advances towards the Turks and Caicos Islands. Current projections indicate that Hurricane Melissa will begin to impact the Turks and Caicos Islands around midday tomorrow, Wednesday, 29th October.
This morning, Her Excellency the Governor and the Hon. Premier chaired a State of Preparedness Meeting. All Government agencies and critical services are mobilised. The safety and protection of every person across our Islands remains our highest priority. Our emergency response teams are prepared and the TCI Regiment is deployed across each of our Islands to support community readiness and immediate response. The Royal Turks and Caicos Islands Police Force are on active duty, with additional officers in North Caicos, Salt Cay, South Caicos and Grand Turk.
At this time, the hurricane is moving north-northeast. The country is expected to experience tropical storm conditions, heavy rainfall and
significant storm surge. The storm surge poses a serious concern for low-lying coastal areas especially along our western and southern coastlines, which may result in coastal flooding. Based on the most current weather projections and anticipated impacts for the Turks and Caicos Islands, the National Executive have agreed the following actions:
1. Evacuation Advisories
Residents in specific low-lying and flood-prone coastal areas are likely to experience significant storm surge of 2-4 feet with accompanying rainfall. Strong advice is now place for residents in these areas to relocate to designated shelters which will be open from 4pm this afternoon. These areas include:
Middle Caicos
- Conch Bar Nearest Shelter: The Community Centre
North Caicos
- Sandy Point Nearest Shelter : Sandy Point Community Centre
- Whitby Nearest Shelter: Adelaide Oemler Primary School
- Bottle Creek Nearest Shelter: Adelaide Oemler Primary School
Providenciales
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- Chalk Sound Nearest Shelter Enid Capron Primary School
- Five Cays Nearest Shelter: Enid Capron Primary School
- Discovery Bay Nearest Shelter: All Saints Church, Leeward Highway
- Juba Sound Nearest Shelter: A. Louise Garland High School
- Long Bay Nearest Shelter: A. Louise Garland High School
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South Caicos
- Cockburn Harbour Nearest Shelter: Community Centre
- Old Airport Road Nearest Shelter: Community Centre
Should an evacuation order become necessary, it will be issued following the 6:00 PM Advisory this evening from the TCI National Weather Service.
2. Activation of Emergency Operations Centre
The National Emergency Operations Centre in Providenciales and all Islands Emergency Operations Centres will be activated at 4:00 PM today.
3. Shelters Access
Shelters across all Islands will open today at 4:00 PM to receive members of the public.
4. Shelter-in-Place
A Strong Shelter-in-Place Advisory is in place for all islands, commencing at 10:00 PM tonight. This will be in place until the all clear has been issued.
This means that from 10:00 PM tonight, all residents should be off the road, in a safe location, either at home or a designated shelter.
Please note that this position may be revised following the 6:00 PM Advisory from the TCI National Weather Service, depending on updated storm projections.
The Turks and Caicos Islands Airports Authority (TCIAA) has confirmed that all airports remain fully operational for today. They will advise the public about ongoing operations dependent on the weather impacts.
In times such as this, the role of commercial entities extends beyond business – it becomes a vital part of the community’s resilience. All retailers and service providers are urged to uphold their humanitarian responsibilities by maintaining fair pricing and ensuring essential goods and services remain accessible to all.
Residents and visitors are reminded to adhere strictly to all official advisories and evacuation orders as they are issued. Avoid unnecessary movement, secure your property, and ensure that you and your family are prepared with essential supplies. Stay prepared and stay safe.
Turks and Caicos, October 24, 2025 – Commissioner of Police Fitz Bailey delivered an impassioned address to male students at Clement Howell High School, calling on them to recognize their power, seize their potential, and “awaken the sleeping giants” within.
In a message that blended humility, faith, and personal experience, the Commissioner reminded the boys that the decisions they make today will shape their future.“The choices you make today determine who you become tomorrow,” he said.
Bailey, who revealed he was the first in his family to attend high school, urged the students to embrace education and discipline as tools of
transformation.“Knowledge is power. If you want to be a real man, you need to read,” he told them. “Remember your potential — if others can do it, so can you. Some of you are sleeping giants waiting to be awakened.”
He emphasized that circumstances of birth do not dictate destiny, challenging the young men to carry self-respect, faith, and moral conviction wherever they go. “Self-respect is key; respect yourself, respect others, and respect God,” he said. “The circumstances you were born into do not define who you are.”
The Commissioner also spoke about resilience, advising that true strength often lies in restraint.
“There will be challenges, and people may try to impede your development — but rise above negativity. Sometimes, strength means walking away,” he said. “Some of you are sleeping lions; it’s time to awaken that instinct and rediscover your true potential.”
In closing, Commissioner Bailey delivered a stirring challenge:
“Each morning, look in the mirror and remind yourself that you were created by God and are capable of great exploits. You are a possibility with potential. Step forward with confidence — this is your country, your islands. Be the best version of yourself.”
Following his speech, the Commissioner engaged the students in open dialogue, answering questions and listening to their perspectives on issues affecting young men in the Turks and Caicos Islands.
Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.
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