The Inland Revenue Department is in the process of sending out the necessary relevant tax information, to ensure that there is compliance with the new tax rates, announced in the 2018 National Budget. Among the tax measures announced, by Minister of Finance Camillo Gonsalves in his recent budget presentation, is a reduction in the marginal… Continue Reading →
Residents of South Rivers and surrounding communities will soon benefit from full time services from the General Employees’ Co-operative Credit Union, (GECCU) which will officially open a new sub-office today in South Rivers. This branch will be the fifth sub-office to be opened by the Credit Union as we remain committed to providing our members… Continue Reading →
The Inland Revenue Department is in the process of examining the gross sales made by businesses over the past years. This is according to Kelvin Pompey, Comptroller who told NBC News that the Department is now in a position to determine who should be de-registered from VAT – based on their average sales over the… Continue Reading →
The Inland Revenue Department will again be sensitizing persons on issues relating to taxation as it hosts activities to observe Tax Awareness Month, which is observed in March. The activities opened with a Church Service at the Kingstown Methodist Church this morning. Kelvin Pompey, Comptroller of Inland Revenue, said the activities are geared towards improving… Continue Reading →
The Local Inland Revenue Department said it has successfully completed its first upload of information to the United States IRS, in keeping with the Federal Accounts Tax Compliant Act (FATCA) agreement signed with the United States Government, to provide financial information on the accounts of persons with US Residency, living in SVG. Kelvin Pompey, Comptroller… Continue Reading →
Today, the General Employees Cooperative Credit Union (GECCU) presented bursaries to three of its members to aid in the pursuance of their tertiary-level education. The recipients, Kim Joshua, Shadique Gill and Daneilia Lewis, were presented with bursaries amounting to three thousand EC dollars each, at an official ceremony at GECCU’s office this morning. Kelvin Pompey,… Continue Reading →
The St. Vincent and the Grenadines Co-operative League Limited on Monday October 5th, 2015 presented a cheque for 30-thousand EC dollars to its Dominican counterpart to aid in the country’s storm recovery efforts. Tropical storm Erika caused flooding and mudslides in Dominica in late August, resulting in at least 20 deaths, and left more than… Continue Reading →