{"id":5069,"date":"2020-01-17T13:55:22","date_gmt":"2020-01-17T17:55:22","guid":{"rendered":"https:\/\/drealfmgrenada.com\/?p=5069"},"modified":"2020-01-17T13:55:22","modified_gmt":"2020-01-17T17:55:22","slug":"tax-obligations-for-carnival-mas-bands","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2020\/01\/17\/tax-obligations-for-carnival-mas-bands\/","title":{"rendered":"Tax Obligations For Carnival Mas Bands"},"content":{"rendered":"<p>The Inland Revenue Division (IRD) wishes to remind the general public that, the sale of \u201cFancy Mas\u201d carnival costumes and Monday Night Mas packages will attract a 15 percent VAT as of the 2020 tax period.<\/p>\n<p>As communicated last year in the June 11, 2019 news release, this is in keeping with the provisions of the Value Added Tax Act 2009.<\/p>\n<p>Band leaders are encouraged to come into the Division to regularize their registration status before February 15th, 2020.<\/p>\n<p>Band\u00ad lead\u00aders, who have formed a com\u00adpa\u00adny or al\u00adter\u00adnate\u00adly op\u00ader\u00adate in their own name (Sole Trader), please note the following for:<\/p>\n<ul>\n<li><strong>A Company structure:<\/strong>\u00a0the requirement would be to file and pay Cor\u00adpo\u00adra\u00adtion Income Tax along with other applicable taxes.<\/li>\n<li>\u00a0<strong>A Sole Trader structure<\/strong>: the requirement would be to file and pay Personal In\u00adcome Tax, along with other applicable taxes.<\/li>\n<\/ul>\n<p>Please also be reminded 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.<\/p>\n<p>Inland Revenue, Division Striving for Greater Taxpayer Compliance.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The Inland Revenue Division (IRD) wishes to remind the general public that, the sale of \u201cFancy Mas\u201d carnival costumes and Monday Night Mas packages will attract a 15 percent VAT as of the 2020 tax <a class=\"mh-excerpt-more\" href=\"https:\/\/drealfmgrenada.com\/index.php\/2020\/01\/17\/tax-obligations-for-carnival-mas-bands\/\" title=\"Tax Obligations For Carnival Mas Bands\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":5070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[52],"tags":[],"class_list":{"0":"post-5069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=900%2C599&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=900%2C599&ssl=1",900,599,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png",900,599,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png",900,599,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=300%2C200&ssl=1",300,200,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=900%2C599&ssl=1",900,599,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=900%2C599&ssl=1",900,599,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?fit=900%2C599&ssl=1",900,599,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=900%2C438&ssl=1",900,438,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=678%2C381&ssl=1",678,381,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=678%2C509&ssl=1",678,509,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/01\/Spicemas-2019-Monday-Night-Mas.png?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/drealfmgrenada.com\/index.php\/category\/culture\/\" rel=\"category tag\">Culture<\/a>","rttpg_excerpt":"The Inland Revenue Division (IRD) wishes to remind the general public that, the sale of \u201cFancy Mas\u201d carnival costumes and Monday Night Mas packages will attract a 15 percent VAT as of the 2020 tax 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