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Grenada Launches Stamp Tax Amnesty

by Mike Godfrey, Tax-News.com, Washington

21 June 2017


Business owners in the Caribbean territory Grenada are being encouraged to take advantage of an annual stamp tax (AST) filing amnesty, which is running from June 1, 2017, to August 31, 2017.

The amnesty allows businesses who have not submitted an annual stamp tax return for the tax periods 2013, 2014, or 2015 to file outstanding returns in return for filing penalties being waived.

Annual stamp tax is computed by applying a percentage to the gross receipts of a business. The tax of any given year is calculated on gross receipts of the previous year. This means the amnesty tax periods of 2013, 2014, and 2015 will apply to gross receipts for financial years 2012, 2013, and 2014, respectively.

TAGS: tax | business | Grenada | stamp duty | penalties | Tax

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