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Financial reporting advisory
Our Financial Reporting Advisory team helps clients understand changes in accounting standards and develop change strategies.
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Advisory Services
Every business is different, the challenges they face vary but all need bespoke solutions. Businesses also share common ground when it comes to striving for reducing costs and improving efficiencies.
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Audit and Assurance Services
Grant Thornton’s audit methodology harnesses proven processes and cutting-edge technology to deliver business benefits.
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Transaction Advisory Services
Transactions are significant events in the life of a business, so the stakes are high for both buyers and sellers.
Tax Amnesty 2024 Extension
We wish to advise the public that the 2024 Tax and National Insurance Amnesty introduced by the Finance Act 2024 which expired on December 31, 2024, has been extended to January 31, 2025.
Taxes covered under the amnesty:
- Individual Income Tax
- Pay-as-You-Earn (PAYE)
- Health Surcharge
- Corporation Tax
- Business Levy
- Green Fund Levy
- Value Added Tax (VAT)
- Petroleum Profits Tax (PPT)
- Supplemental Petroleum Tax (SPT)
- Unemployment Levy
- Stamp Duty
- Gaming Amusement Tax
- Withholding Tax
- Hotel Accommodation Tax
- Club Gaming Tax
- Insurance Premium Tax
- Tax on Financial Services
- Property Tax
The Amnesty covers all penalty and interest outstanding on contributions paid prior to October 1, 2024, and on any outstanding contributions as at September 2024 paid during the period October 1 2024 to January 31, 2025.
NB: The amnesty only applies to employers registered with the National Insurance Board prior to October 1, 2024.
Should you require any assistance with remittance of payment, please feel free to contact us at GTOSTax@tt.gt.com or 225-4125 ext. 256.