Nevis CIT-101 Form · Starter Portal

Nevis CIT 101

Saint Christopher And Nevis Inland Revenue Department

Corporate Tax Return

This Return is applicable to Exempt Companies, International Business Corporations and Limited Liability Companies that are duly incorporated/registered under the Companies Act 21.03, Nevis Business Corporation Ordinance, and Nevis Limited Liability Company Ordinance respectively.

Declarant and Certifier

First Name

Last Name

Position

Telephone

Fax

Address

City

Country

Zip

Entity Information

Entity Registration Number

Entity Name

Taxpayer Identification Number

Tax Year

Business Activity

From

Other Please Specify

Entity Classification

Physical Business Address: is the principal place of business where the day-to-day business activities of the Entity take place.

- The Business Address of the Entity is not the address of the Directors, unless the Directors are physically quartered in the same address where the day-to-day business activities take place.
- Be kindly advised that the Business Address of the Entity is not the address of the Registered Agent/Office.
- “N/A” will be reported as the Business Address of the Entity, where the address of the Registered Agent/Office has been input.

City

Country

Zip

GLOSSARY

Body of Persons

"Body of Persons” means any body politic, corporate, or collegiate and any company, fraternity, fellowship, or society of persons whether corporate or not corporate; Income Tax Act Cap 20.22 (Section 2).

Permanent Establishment

Refer to Income Tax (Amendment) Act 2021-12.

Consolidated Group or Consolidated Corporation

“Consolidation” means a procedure whereby any two (2) or more corporations consolidate into a new corporation incorporated by the consolidation;

"Consolidated Corporation” means the new corporation into which two (2) or more constituent corporations are consolidated;

“Constituent Corporation” means an existing corporation that is participating in the merger or consolidation with one (1) or more other corporations;

“Corporation” or “Domestic Corporation” means a corporation incorporated, merged or consolidated under this Ordinance, or a foreign corporation which has been redomiciled to Nevis and registered under this Ordinance. Nevis Business Corporation Ordinance, 2017 (Section 2).

“Consolidation” means a procedure whereby any two (2) or more limited liability companies consolidate into a new limited liability company formed by the consolidation;

“Consolidated Company” means the new limited liability company into which two (2) or more constituent companies are consolidated;

“Constituent Company” means an existing limited liability company that is participating in the merger or consolidation with one (1) or more other limited liability companies;

“Corporation” means a corporation incorporated under the Nevis Business Corporation Ordinance 2017 or a corporation which was incorporated under the laws of a foreign domicile which has been redomiciled to Nevis under such law. Nevis Limited Liability Company Ordinance, 2017 (Section 2).

Tax Resident

A company will be deemed to be a tax resident in the jurisdiction in which the management and control of the company reside. Please refer to Guidance on tax residence and taxable presence in the Federation.

Relevant Legislation

Companies Act 21.03 and Companies (Amendment) Acts
Nevis Business Corporation Ordinance 2017 and Amendments
Nevis Limited Liability Company Ordinance
Income Tax Act Cap 20.22
Income Tax (Amendment) Act 2021-12.