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ONLINE COMPLETION OF INDIVIDUAL TAX RETURNS
March 2007
 The Inland Revenue Department is pleased to announce that taxpayers can now complete and print their tax return form on the Departments website.
This simple and user friendly system allows taxpayers to go online to complete their tax return form at their convenience whilst leaving the computations to the program. Taxpayers must ensure that they have all their supporting documents before attempting to complete the form, since the program will not allow you to save and return to it later for completion.
The Inland Revenue Department is committed to improving its services and with the implementation of this facility brings the department a step closer to a full fledge on-line filing and submission of tax returns.
The Departments’ website address is www.irdstlucia.gov.lc
The Department would like to remind taxpayers that forms are also available at its offices in Castries, Vieux Fort and Soufriere.
Remember March 31 st is the Deadline for filing of Income Tax Returns.
FILING PERIOD HELP DESKS
19 March 2007
The Inland Revenue Department is pleased to announce the opening of its “Filing Help Line”.
The Help Lines will be open from 4:30pm every afternoon until 8:30pm and will run from today, Monday, March 19 th until March 30 th.
The numbers to call for assistance are 468-4730, 468-4766, 468-4781 and 468-4735. The “Help Line” will provide assistance to callers for the completion of their income tax return forms.
The department would like to encourage persons to take advantage of this service during the stipulated advertised times.
Remember March 31 is the deadline for Filing your Income Tax Returns and for the payment of any outstanding taxes.
DOCUMENTS REQUIRED FOR FILING INCOME TAX RETURNS
It’s filing time again. The following is a Checklist which would assist taxpayers when filing the Income Tax Return:
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Income Statement
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Insurance Statements – Health and /or Life
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Documentary evidence of child/children attending University
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Certificate – Individual Registered Retirement Savings Plan
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Certificate – New shares – Resident Public Company
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Student Loan Interest Statement
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Mortgage Interest Statement
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House Insurance & House Tax Receipt
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Credit Union Share Certificate
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Deed of Separation, Court Order or Decree
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Receipts – Medical Expenses
June 2, 2008
Repairs
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Supporting documents for any other claims made
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DEADLINE FOR EMPLOYERS ANNUAL RETURNS
January 30, 2003
The Department would like to remind Employers that tomorrow January 31, 2003 is the deadline date for the submission of their Employers Annual Returns (TD6). Please ensure that ALL sections of the TD 6 Form are accurately completed as well as the accompanying TD5 Certificates. This would facilitate quicker processing of the information by the Department. Additional TD5 forms are available from all offices of the Department in Castries, Vieux Fort and Soufriere.
Failure to adhere to this requirement will result in the imposition of a penalty in accordance with subparagraph 131 (1) (a) (vii) of the Income Tax Act No. 1 of 1989 which states “Any person who being an employer, within the prescribed time, fails to furnish to the Comptroller an annual return of tax deductions and remittances shall be guilty of an offence and liable on summary conviction to a fine of one thousand dollars or to imprisonment for one year.”
Should you have any queries please do not hesitate to call the Taxpayer Assistance Unit at telephone number 468-4730/35/66 or the Taxpayer Relations Unit at telephone number 468-4781/65. E-mail - ird_assistance@candw.lc or ird_relations@candw.lc
TAX ARREARS PAYMENT PLAN ANNOUNCED
July 25, 2002
The Inland Revenue Department has officially introduced its Tax Arrears Payment Plan for Individual and Corporation Taxes.
 Click here for the full announcement PDF, 182 kB
DEADLINE FOR INCOME TAX RETURNS EXTENDED
February 1, 2002
The statutory date for the completion and submission of Income tax returns has been extended to APRIL 5, 2002. Income Tax Returns have been sent to all Employers for distribution to staff. In addition, the Forms are available at Post offices, libraries, sub-accountants Offices island wide or can be downloaded from our forms page
Employees, Self employed Individuals and Corporations with a financial year end of DECEMBER 31 MUST take note of this date.
For additional information, contact us at ird_assistance@candw.lc
REMEMBER, DON’T BE LATE… MEET THE DEADLINE DATE APRIL 5, 2002
EXTENSION OF TIME - EMPLOYERS ANNUAL RETURN
January 8, 2002
The Inland Revenue Department apologises to all employers for the delay in the receipt of the Employers Annual Return ( T.D.6 ) for income year 2001.
These Forms are now available. Employers are asked to collect these documents from the Taxpayer assistance Unit – Castries or the Tax Service Centre, Vieux - Fort from Tuesday 15 - Friday 18, January, 2002.
In light of the unavoidable delay in the receipt of this document, Employers are asked to note that an Extension of time ending FEBRUARY 15, 2002 has been granted for the submission of this statutory document.
SUBMISSION OF EMPLOYERS ANNUAL RETURN
January 30, 2002
Employers are reminded that the deadline date for the submission of the EMPLOYERS ANNUAL RETURN ( T.D. 6 ) has been extended to Friday FEBRUARY 15, 2002.
Employers are requested to carefully ensure that ALL SECTIONS of the accompanying T.D. 5 Certificates are complete. This will facilitate quicker processing of the information by the Department.
AMENDMENTS TO THE LAND & HOUSE ORDINANCE (No. 30 of 2001) - CERTAIN EXEMPTIONS
Certain amendments have been made to the Land & House Tax Ordinance to give effect to the Budgetary Statement of the Hon. Prime Minister and Minister of Finance for fiscal year 2001/ 2002. These amendments now mean that certain categories of persons who were liable to pay land & house tax will no longer be liable and other categories of persons who may be liable are given exemptions for a particular period of time.
The effects of the amendments are as follows:
All pensioners who were 60 years and over at April 1, 2001 and any others who have subsequently reached that age are not required to pay Land & House Tax, provided that their sole income is a survivor's benefit or retirement benefit paid by the National Insurance, and their dwelling house is used exclusively for providing accommodation to themselves and their immediate family. In the case of persons whose sole income is a pension, but not payable by the National Insurance, the same benefit will be extended providing it could be established that their income is equivalent in amount received to that payable by the National Insurance. In other words, if you are a pensioner and are 60 years or over, and your source of pension income (i.e. your sole source of income) is not the National Insurance, but the amount received by you is equivalent to the survivor’s benefit or pension benefit payable by the National Insurance, then you will qualify for the exemption.
With effect from April 1, 2001, no Land & House tax will be payable on a property, if the combined income of the owner/s of the house is $ 6,000 per year. The property must be occupied by the owner/s exclusively for purpose of providing accommodation for themselves and any immediate family members.
With effect from April 1, 2001, the following exemptions from Land & House tax would be given to owner occupied property, and the owner is a first time owner, i.e. has never owned property before:
If the mortgage value of the newly acquired property is up to $200,000 - 100% of the tax payable is exempted
If the mortgage value of the newly acquired property is between $200,001 and $400,000 - 75% of the tax payable is exempted;
If the mortgage value of the newly acquired property is between $400,001 and $600,000 - 50% of the tax payable is exempted;
If the mortgage value of the newly acquired property is over $600,000 - 25% of the tax payable is exempted;
The period for which exemption is granted is three years.
For a period of three years , any new commercial property completed after April 1, 2001, no Land & House Tax is payable by the owner of that property.
Further information can be obtained from the Inland Revenue Department by calling the following contact numbers:
Taxpayer Relations Unit (758) 468 4729
Taxpayer Assistance Unit (758) 468 4764
Property Tax Unit (758) 468 4745
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