Businesses

 

INCOME TAX RETURN

There must be filing of an annual income tax return to report assessable income and claim any allowable deductions or offsets that reduce the amount of tax payable.

For a sole trader a single tax return must be filed for him/her and his/her business. If operates business through a partnership, trust or company, they need to file an individual tax return and a separate tax return for the business.

 

Ⓒ2013 Inland Revenue Department, Government of Saint Lucia.