St. George's, Grenada 25th February, 2020: Taxpayers are reminded that all sources of income must be declared on their Personal Income Tax Return.
These sources include Board Fees, Commissions, Premiums, Annuities and benefits received by means of employment as suggested in (Schedule B) of the form and the sum recorded on line 102.
In accordance with Section 65 of Income Tax Act No. 36 of 1994, all information submitted to the Inland Revenue Division must be correct, true and complete.
Additionally, note that it is an offence to make a false declaration on a return according to Section 81 of the Tax Administration Act No. 14 of 2016.