The Cabinet of the Turks and Caicos Islands Government (TCIG) with advice from the recently established Blue Ribbon Taxation Commission has announced its decision to defer implementation of the General Services Tax (GST) and Temporary Drivers License Fee (TLF) pending the Commission’s recommendations on more suitable revenue structure for the Islands.
Consequently, Cabinet considered and approved temporary measures to bridge the shortfall resulting from this decision.
These temporary measures will be implemented on 1 October 2013 as follows:
i) Increase the rate of the following revenue streams from 10% to 12%:
a) Stamp Duty of Vehicle Hire
b) Telecommunication Tax
ii) Increase the rate of fuel tax by 10 cents from 75 cents to 85 cents
iii) Expansion of the Telecommunication Taxation Base to include Internet services.
For further information, please contact the Revenue Department at telephone numbers 941-8649 or 946-2686.
Their offices are open from 8 AM to 4:30 PM Mondays to Thursdays and 8AM to 4PM on Fridays.
