The TCI Government recently announced a number of measures in response to Covid-19 which was contained in its Covid- 19 Stimulus Package.
Under the Emergency Powers (COVID-19) (Economic Relief Measures) Regulations 2020 (hereinafter the Regulations), provisions were made to waive the Hotel, Restaurant & Tourism Tax (HRTT) for the month of March 2020 which was due in April 2020.
This waiver was contingent on taxpayer providing the following documentation:
- Completed Tax Waiver Request (TWR-2020) form;
- Proof that a remittance of tax for February was made during March 2020; and
- Proof of the number of employees currently on full pay, terminated or on reduced hours.
The public is hereby advised that the deadline for HRTT waiver submissions, and accompany documentation, is Monday 25th May 2020 at 4:00 pm.
The Revenue Department wishes for you to remain safe during this time and looks forward to your continued cooperation.