Contact Information

Director General
Mr. Edmond Jackson
Tel No.:(784) 457-1343
PBX No.:(784) 456-1111
Ext No: 368
Fax No:(784) 457-2943
E-mail: office.finance@mail.gov.vc

Location

The Ministry of Finance is located on the 2nd Floor of the Financial Complex

Address

Ministry of Finance

P.O.Box 608

Kingstown

St. Vincent and the Grenadines

 

 

Random
Your Tax Obligation

The law requires, that in respect of each year, every individual who:

  1. Is liable to pay tax or
  2. perates a business or
  3. Earns more than fourteen thousand dollars (14,000.00) per year from employment or
  4. Earns less than fourteen thousand dollars (14,000.00) per year from employment, but earns additional income in Excessof five hundred dollars ($500.00) per year from sources other than the main employment must, by 31st March  of the following year.
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Vehicle Information

Give accurate information to the Inland Revenue Department at all times. Remember to bring your ID as it maybe required

  • A person must be 17 years old to own or drive a motor vehicle
  • If you are thinking of driving someone’s vehicle it is your responsibility to ensure that it is licensed. You may be charged for driving an unlicensed vehicle
  • If your motor vehicle has been:
    1. Destroyed
    2. Rendered permanently unserviceable
    3. Permanently removed from SVG

You should immediately turn in the number plates to the police

 
Treasury Department Notice

Pensioners

Pensioners should bring in LIFE CERTIFICATES TWICE yearly; beginning of January and July.

All deaths should be reported.

Salaries

Salaries are paid on the 2nd to last working day of the month except otherwise specified, for example Christmas and Independence Day.

 
VAT Return and Payment Process

Persons who have businesses that are currently making gross sales of $120,000 per year or $10,000 per month are required to register for VAT according to the Value Added Tax Act of St.Vincent and the Grenadines.   This requirement is a mandatory one for all businesses and service providers who would meet the threshold.   Persons who are required to register includes sole traders, partnerships, companies, unincorporated entities and service providers such as Lawyers, Accountants, Contractors, Plumbers and Hairdressers, to name a few.

 

Registered persons therefore have the responsibility to charge and collect VAT, and thus act as agents for the government.   Registered taxpayers have no later than fifteen (15) calendar days after the tax period (which is one month) to file their VAT return.  For example, Return for the month of May 2007, would be due on June 15th 2007.

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Features of VAT

  • Broad based: This means that the VAT is charged on a wide range of goods and services in SVG.
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  • Multi-Stage: VAT is charged and collected at all levels in the economy (i.e. from production to the final consumer).
  • Transaction Tax: VAT is charged on every supply of goods and services including:-
    1. Business to business
    2. Business to consumers and
    3. Transactions with the government
  • Consumption Tax: VAT is expected to be passed on the consumers in the price of goods and services they consume.
  • Domestic Consumption: VAT is charged on the value of imports, but VAT is not charged on value of exports.