#Providenciales, May 3, 2019 – Turks and Caicos – The Revenue Department within the Ministry of Finance would like to remind stakeholders and the general public of the provisions of the Hotel & Tourism Taxation Amnesty:
- A period of Amnesty (April 1st to May 31st 2019) under the HTT Ordinance to waive penalties on taxes due and payable for the years up to and including the year ending March 31st 2019 are subject to the following provisions:
- Taxes paid before March 31st or within the first 30 days of the Amnesty Period can benefit from a 100% waiver of penalties upon written request to the Revenue Department.
- Taxes paid after the first 30 days of amnesty, but paid within 45 days of the amnesty period, can benefit from a 50% waiver of penalties upon written request to the Revenue Department.
- Taxes paid after 45 days but within the remaining 15 days of the amnesty period can benefit from a 25% waiver of penalties upon written request.
As such, as of May 1st, stakeholders can only qualify for a 50% waiver of penalties and again on May 16th, can only qualify a 25% penalty waiver up to May 31st.
Stakeholders and other interested parties are encouraged to obtain a copy of the Amended Ordinance from the Attorney General Chambers and review these and other amendments. All queries can be sent to the Revenue Department in Grand Turk & Providenciales or the District Commissioner’s Offices in the family Islands.