Recent changes to the tax legislation for GCT on government purchases. The recent amendments require some government ministries, departments, agencies and public bodies to be registered as Tax Witholding Entities. The Tax Witholding Entities are to remit the GCT portion of the suppliers invoice to the tax department and issue a witholding tax certificate to the supplier. The suppliers are to use the witholding tax certificates to claim a credit when filing the GCT return. Suppliers of government ministries, departments and agencies are required to file GCT online. Witholding tax certificates that have not been used to claim a credit in any taxable period can be used to claim a credit in subsequent periods. For more information on this and other tax developments contact AMCS Jamaica Limited. Need assistance preparing your tax returns? Call today! Tel (876) 331-8202, Fax (876) 906-7423 Email: amcsjamaicaltd@gmail Location: 22B Old Hope Road, Kingston 5, Jamaica W.I. Save time and money! File correctly and file on time!
Posted on: Thu, 25 Sep 2014 23:30:00 +0000