MINISTRY OF FINANCE & ENERGY

Email: financegrenada@gmail.com

Website: www.gov.gd Phone: 1-473-435-0057 or 1-473-440-2731/4

Fax: 1- 473-440-4115

 NO. 64/2013                                           DATE: October 22, 2013

 BUSINESSES CHARGED BY THE INLAND REVENUE DIVISION

ST. GEORGE’S, GRENADA Tuesday October 22, 2013: The Inland Revenue Division of the Ministry of Finance and Energy has issued fixed penalties to several businesses within St. George’s for failure to issue VAT receipt to its consumers, and failure to keep proper records. These fixed penalties ranged from five hundred ($500) to two thousand five hundred dollars ($2,500.)

The Inland Revenue Division hereby reminds businesses and the general public that it has intensified its enforcement operations. VAT Registrants are reminded of their obligations under the Value Added Tax Act, 2009, to issue receipts to every customer to whom a sale is made.

 The Division also reminds the general public and taxpayers to request their receipts when making purchases and report any business which refuses to issue a receipt or if there are any discrepancies with their receipts.

 Taxpayers can contact the Division at 440-3556/435-6945/46/6853 or email at gndird@spiceisle.com of vat@gov.gd . The Inland Revenue Division looks forward to creating a strong partnership with businesses and the taxpaying public to ensure that taxes paid are duly remitted to the Division so that Government can provide critical services to citizens.