DATE: September 15, 2014   NO. 60/2014

 

VAT REGISTRATION FOR LANDLORDS OVER THE THRESHOLD OF EC$120,000 PER YEAR.

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ST. GEORGE’S, GRENADA, Monday, September 15, 2014: The Inland Revenue Division (IRD) of the Ministry of Finance and Energy hereby reminds property owners, whose rental income meets the VAT registration threshold of $120,000 per year, of their obligations to adhere to all requirements under the Act with respect to registration, displaying of certificates, issuing receipts/invoices and keeping accurate records of all transactions.