• Latest
Property Tax 2015

Tax obligations for carnival

4 years ago
PM’s address to United Nations General Assembly

PM’s address to United Nations General Assembly

12 hours ago
Island nations launch new declaration at AOSIS Leaders Meeting

Island nations launch new declaration at AOSIS Leaders Meeting

13 hours ago
Osteologist assists GNM with study of human remains

Antony O’Hannan: Grenada’s Rebel Priest

14 hours ago
GTA announces Virgin Atlantic third flight to Grenada

GTA announces Virgin Atlantic third flight to Grenada

14 hours ago
Grenada and Republic of Ireland establish diplomatic relations

Grenada and Republic of Ireland establish diplomatic relations

14 hours ago
Grenada and Republic of Kenya establish diplomatic relations

Grenada and Republic of Kenya establish diplomatic relations

14 hours ago
American citizen services outreach to Carriacou  

Employment opportunity: Accountant

15 hours ago
Tropical Weather Outlook: Friday, 22 September 2023 (2 pm)

Tropical Weather Outlook: Friday, 22 September 2023 (2 pm)

15 hours ago
Enhancing solidarity and moving forward together

Enhancing solidarity and moving forward together

21 hours ago

PM to attend 78th United Nations General Assembly

2 days ago
Grenada and Kingdom of Bahrain establish Diplomatic Relations

Grenada and Kingdom of Bahrain establish Diplomatic Relations

2 days ago
New Minimum Wage will end disparity payment based on gender

New Minimum Wage will end disparity payment based on gender

2 days ago
NOW Grenada
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Tax obligations for carnival

This story was posted 4 years ago
12 June 2019
in Arts/Culture/Entertainment, Business, PRESS RELEASE
1 min. read
Share

The Inland Revenue Division (IRD) advises the general public that in keeping with the provisions of the Value Added Tax Act 2009, the sale of Fancy Mas carnival costumes will attract a 15% VAT as of the 2020 tax period.

This was agreed to after a recent consultation held with Fancy Mas Bandleaders.

However, as it relates to Monday Night Mas packages, please be reminded that the sale of each package will attract the 15% Value Added Tax (VAT) as per normal.

All Mas Bandleaders who are not yet registered with the IRD are encouraged to register with the division for tax purposes by 1 July 2019.

Bandleaders who have formed a company or alternatively operate in their own name (Sole Trader), please note the following for:

  • A Company structure: the requirement would be to file and pay Corporation Income Tax along with other applicable taxes.
  • A Sole Trader structure: the requirement would be to file and pay Personal Income Tax, along with other applicable taxes.

The public is also informed that in accordance with the provisions of the VAT Act, prices quoted by promoters on tickets for all public entertainment events should be VAT INCLUSIVE.

Comptroller
Inland Revenue Division

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.
Tags: carnivalfancy masinland revenue divisiontaxvalue added taxvat
Next Post
June 2013 CXC (CSEC) Summary

Caribbean Primary Exit Assessment results delayed

Comment on post Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in . Visit our Privacy Policy | Terms of Use.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.