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Penalties For Business Get Write-Off Says Deputy Premier

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#TurksandCaicos, April 4, 2022 – You should not expect for the names of the companies which will benefit from a debt forgiveness program by the PNP Administration to be published, instead E. Jay Saunders, Minister of Finance has discloses that penalties linked to precisely 4,334 business license fee renewals have been wiped clean.

It is a measure which passed, strongly supported, through the House of Assembly on March 28, 2022 and forgives $1.4 Million in penalty charges by the Ministry of Finance, Investment and Trade.

“As of now, the penalties are wiped clean, actually they’re nailed to the cross,” said Saunders, Deputy Premier who also addressed queries about whether the list of beneficiaries would be published.

A similar tax forgiveness for those in arrears on the hotel and tourism taxes in 2019 led to a publication of the 19 companies in receipt; the Deputy Premier said this program will be managed differently.

“Every company with an outstanding balance is benefitting, and unlike a few hotels on the HRTT (Hotel & Restaurant Tourism Tax) list, there are literally hundreds of companies on the business license list, which covers four years.  The list can be available to review, but it won’t be practical to do (publish) that.

The business license list is an offer of magnitude larger than the HRTT list, so it’s not as simple as saying the HRTT list was published so the other should be published also,” said the Deputy Premier in response to our queries.

When he addressed Parliament on the Business Licensing Fees and Penalties Amnesty Bill, 2022 he said, “As a bit of a background Mr. Speaker, speaking specifically to the area of business licenses, Total Arrears as at February 2022 for all Business licenses was $2,932,036.04.  Included in this figure are the penalties of $1,395,658.19, and this Bill today seeks to write that off.  The Total Penalties cover the four years 2018 to 2021,” said Saunders on March 28.

This measure, now instituted through the Business Licensing Department, was anticipated as the Government made an announcement prior to the Christmas holidays that a plan was being devised to help businesses hop the hurdle of mounting arrears at the Department.  Some were uncertain whether the promise would materialize, but now it is here and not only did it make penalties go away for the pandemic years, it went back to 2018 and 2019, where penalties amounted to $42,240.00 and $222,816.00 respectively.

“I included 2018 and 2019 because outstanding fees went back that far, and our Government wants to give businesses the best chance at being successful, so we wrote off all penalties.  Not some of the penalties, but all of them.”

In all, 4,334 accounts were impacted, though not necessarily that many companies as there are “many” businesses which appear in multiple years as not having paid license fees and the ensuing penalties.

In 2018, there were 96 companies which were unable to cover license fees and penalties.  Grand Turk had 10; Providenciales 81; South Caicos and Middle Caicos had two each; in Salt Cay there was one and for North Caicos there was no company listed as not having paid their business license.

In 2019, that number rocketed to 574 business which did not pay their business licenses.  Grand Turk had 68; Providenciales with 471; South Caicos had 11; Middle Caicos had seven; North Caicos registered 14 unpaid and three Salt Cay businesses made the non-payment list.

By the pandemic year, the list of companies which did not pay their business licenses grew nearly three-fold to 1,500 companies.  Grand Turk now had 206; Providenciales had 1,201; South Caicos registered 20 unpaid; North Caicos had 48; Middle Caicos had 15 and Salt Cay grew to 10.

Last year, saw the mushrooming trend continue and 2,164 companies fell short of paying their business licenses to the Department.  In the breakdown from Deputy Premier Saunders:  Grand Turk, 286; Providenciales 1,748; South Caicos, 24; North Caicos was now at 73; Middle Caicos was 18 and Salt Cay had 15 businesses unable to pay licenses and resultant penalty fees.

Business license costs will still have to be paid to the Business Licensing Department reiterated the minister, in some cases, a payment plan may be set up to support clearing the debt for the license to operate.

“Mr. Speaker, to qualify for the Business License Penalties Write-Off, businesses will have to bring current their license fees within three months; but Mr. Speaker, if there are businesses that are unable to do so, this caring Government of the people, will allow them the flexibility to pay up their outstanding license fee over time through payment plans with TCIG.

So with that Mr. Speaker, we nail approximately 1.4M in business license fee penalties to the cross on behalf of the TCI businesses.”

 

Government

$94.1Mfor Health; Knowles Pushes to Keep Care at Home

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Turks and Caicos, April 25, 2026 – A major shift in how healthcare is delivered in the Turks and Caicos Islands is at the center of the Government’s latest budget, with a focus on reducing reliance on overseas treatment and strengthening services at home.

Presenting his contribution to the national debate, Kyle Knowles outlined a strategy aimed at building a more sustainable healthcare system—one that allows more residents to access quality care within the country.

The health sector has been allocated $94.1 million, making it one of the largest areas of public spending in the $550.8 million Budget passed on April 23.

Central to the Minister’s approach is a restructuring of the Treatment Abroad Programme (TAP), which has grown significantly in recent years as more patients are sent overseas for specialized care.

The Government now aims to reverse that trend.

“We are reforming healthcare to ensure long-term sustainability,” Knowles indicated, pointing to efforts to strengthen local services and reduce the need for travel.

The strategy includes improving healthcare infrastructure, expanding services available within the islands and increasing efficiency through the digitization of medical records.

Digitization is expected to support better coordination of care, reduce delays and allow for more accurate tracking of patient needs—part of a broader effort to modernize public services.

The Minister emphasized that the goal is not only cost control, but improved access.

“No family should have to leave home to get quality care,” he said, underscoring the Government’s intention to refocus healthcare delivery on local capacity.

The shift comes as rising healthcare costs continue to place pressure on public finances, with overseas treatment representing one of the most expensive components of the system.

By investing more heavily in domestic services, the Government is seeking to reduce that burden while improving outcomes for residents.

While the direction is clear, details on timelines and the pace of expansion for local services were not fully outlined in the presentation.

Still, the emphasis on sustainability, access and modernization signals a strategic pivot in how healthcare is expected to evolve in the Turks and Caicos Islands.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Government

Premier Defends Budget Strategy, Rejects Claims of Inefficiency

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Turks and Caicos, April 25, 2026 – Premier Charles Washington Misick has pushed back against criticism of the Government’s newly passed budget, defending both its direction and execution as deliberate and necessary for national development.

Wrapping up debate on the $550.8 million Budget, passed on April 23, the Premier dismissed concerns raised by the Opposition about inefficiency, rising costs and gaps in delivery, insisting the Government’s approach is measured and focused on long-term growth.

“This budget is about delivering for our people,” Misick said, as he reinforced the administration’s commitment to infrastructure, healthcare expansion and broader economic development.

Opposition Leader Edwin Astwood had earlier challenged the Government’s performance, pointing to unfilled posts, delayed projects and what he described as weak execution despite increasing allocations.

In response, the Premier rejected the notion that the Government is failing to deliver, instead arguing that building national capacity takes time and sustained investment.

He maintained that staffing challenges are being addressed and that improvements across ministries are ongoing, even as demand for public services grows.

The Premier also defended the scale of spending, framing it as a necessary step to support development across the islands, rather than unchecked expansion.

“We are investing in the future of this country,” he said, pointing to continued funding for infrastructure, community development and public services.

On the question of equitable growth, Misick reiterated his administration’s focus on balanced development, including ongoing investments in the Family Islands.

He argued that progress is being made, even if transformation is not occurring as rapidly as some would like.

Throughout his closing remarks, the Premier leaned on the country’s economic fundamentals—highlighting strong cash reserves, stable growth projections and international confidence in the Turks and Caicos Islands’ fiscal management.

While the rebuttal addressed criticism head-on, it did not significantly alter the structure of the budget or introduce major new measures in response to concerns raised during the debate.

Instead, the Government’s position remained consistent: the plan is in place, the investments are targeted, and delivery will continue.

The exchange underscores a clear divide—between an Opposition pressing for faster, more measurable results, and a Government maintaining that its strategy is already on course.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

PHOTO COURTESY OF THE OFFICE OF THE PREMIER

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Government

Digital Government Push Advances, but Reliability and Security Details Remain Unclear

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Turks and Caicos, April 25, 2026 – There was no mistaking the enthusiasm of the Minister of Finance, Investment and Trade, E. Jay Saunders, as he laid out his vision for a more digitally driven Turks and Caicos Islands—one where services are faster, systems are connected, and doing business is easier.

But within that forward-looking presentation, what remained notably absent were clear timelines and defined measures to ensure data security and system reliability.

“We are moving toward a fully integrated digital government,” Saunders told the House, as he outlined a future where public services are delivered seamlessly through technology.

With responsibility for the country’s economic and digital transformation, Saunders pointed to several areas expected to be reshaped by the rollout of e-government systems, including revenue collection, business licensing, customs processing and access to public services—all designed to reduce delays, improve compliance and streamline transactions.

The vision is one of convenience and efficiency: fewer lines, faster approvals, and systems that communicate across departments rather than operate in silos.

Within the framework of the Government’s $550.8 million Budget, passed on April 23, the digital push is positioned as a key driver of modernization and improved service delivery.

However, for many users, the experience of government systems today remains inconsistent.

Periodic outages, payment disruptions and service downtime continue to affect daily transactions, raising practical concerns about how quickly the country can transition to a fully digital model.

Despite the scale of the ambition, the Minister’s presentation did not directly address how system reliability will be strengthened or how data will be protected as more services move online.

Those elements—uptime, security and resilience—are critical to public confidence, particularly as businesses and residents become increasingly dependent on digital platforms to access government services.

The direction is clear, and the potential impact is significant.

But as the country moves closer to greater digital dependence, the success of that transformation will ultimately rest not just on what is promised—but on whether the systems can be relied upon when they are needed most.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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