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TAJ introduces TCC auto-renewal feature
KINGSTON, Jamaica — The Tax Administering Jamaica (TAJ) has appear an auto-renewal affection for the Tax Acquiescence Affidavit (TCC) via its Revenue Administering Information Arrangement (RAIS).
The administering said the new affection which has been in operation back February 12 has auto-renewed 271 certificates. It said it is accepted to decidedly advance acquiescence and accessibility amid the business community, as a TCC will now be automatically renewed already several belief accept been met.
According to the TAJ, in this appearance of the auto-renewal process, business barter who ahead had a multi-purpose TCC, classified as gold, appropriate or accessible will be eligible. It said the arrangement will analysis for TCCs one ages above-mentioned to or afterwards the cessation date to actuate if there are no behind allotment or outstanding payments or acquittal arrange for taxpayers.
The administering said the afterward added belief charge additionally be met:
The administering said barter who authorize for auto-renewal will be issued a Gold TCC, which is accurate for one year, provided that there were no backward Allotment or payments over the accomplished year. It explained that an Accessible TCC, of six months duration, will be issued to barter who authorize for auto-renewal but who filed or paid backward over the aftermost 12 months. TCC holders with an active, abreast acquittal plan for outstanding payments, will additionally account from the auto-renewal affection by accepting their affidavit auto-renewed for six months, the TAJ said.
However, in the case of partnerships, the administering said a TCC will alone be auto-renewed area the ally listed on the Partnership Tax Acknowledgment (IT03) are adjustable and accept filed their latest anniversary and estimated Individual Assets Tax Allotment S04/S04A. It added that for registered charities, the TCC can alone be auto-renewed area the appropriate allotment are filed and no payments are outstanding.
The TAJ said a web bulletin will be beatific to anniversary chump whose TCC was auto-renewed advertence same.
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