I’m confused by the term members. What if the non profit is a membership association. These members are not a part of the business. They are simply members of the association. Why do I want to have their TRN. That’s a lot of information to have on people that has to be secured which has legal implications and expenses which most volunteer organizations can’t afford.
Thanks Kalilah. Fines should not be set in stone it should be a percentage of revenues/ gross or net profit and in the case of non profits perhaps a percentage of liquid assets- to achieve equitable penalties or penalties on a business specific basis- all based of the size of said business. 20:05
now that makes sence was wondering why my API base business was accepting my mothly payments....when would be expect to be fully compliant ..when is the next audit
Please could get representative you just interview to come back . I’m left shocked to say the least, in the united state I understand it to be annual report the fee $55 us or some where in that range, I’m understanding from the interview that not or late filing is JA one million dollars up to four persons may have to file for the same entity they’re apart of $5000 by four persons =$20.000 the company’s name can be removed and they cannot do business with assists own . I’m not aware of any such onerous requirements here in the state to do business. I am thinking of coming and investing in my home country but this have me very worried . Please I need clarification!
Speaking of adequate systems, there needs to be more virtual options for these things. Cybersecurity is developing every single year. The complaints of standing in long lines and such should be addressed, but is continually ignored. If this many changes there should be means to accommodate everyone. That said, this video is a bit confusing due to her continued use of jargon and grammar. Seems she’s trying to sound intelligent, but we have no idea what is being said. Communication is an important part of comprehension. Please redo.
Why put more stress on doing business, it's going in the opposite direction. We need to open up Jamaica to businesses for the country to thrive.
Thank you. We just a pressure businesses so
Cost of doing business in an increasingly globalized world.
Because of the international regulations.
Thanks for the information.
This will be chaotic until people can do this online. Also why not hafix date for everyone to do their annual returns?
I’m confused by the term members. What if the non profit is a membership association. These members are not a part of the business. They are simply members of the association. Why do I want to have their TRN. That’s a lot of information to have on people that has to be secured which has legal implications and expenses which most volunteer organizations can’t afford.
Thanks Kalilah.
Fines should not be set in stone it should be a percentage of revenues/ gross or net profit and in the case of non profits perhaps a percentage of liquid assets- to achieve equitable penalties or penalties on a business specific basis- all based of the size of said business. 20:05
it’s upsetting each time I watch. No online access and stand in line all day and then they say didn’t receive tax return.
@13:42 I’m old already🙆🏽♀️waiting to hear the change!
Wow, excellent information for business owners.
Very informative. Thanks for another banging interview Kalilah.
Kalilah; I think you need another interview with someone else from companies office
All this means ..the gov is the real controller of all companies smh😢
These people always making things hard for jamaican people to open and operate businesses.
So this is a FATF requirement. Makes sense, I was wondering why it was so abrupt
At 8:06 but wondering the reason for the change of the law in 2017. What inspired the change? Was there a loophole that was being taken advantage of?
now that makes sence was wondering why my API base business was accepting my mothly payments....when would be expect to be fully compliant ..when is the next audit
Please could get representative you just interview to come back . I’m left shocked to say the least, in the united state I understand it to be annual report the fee $55 us or some where in that range, I’m understanding from the interview that not or late filing is JA one million dollars up to four persons may have to file for the same entity they’re apart of $5000 by four persons =$20.000 the company’s name can be removed and they cannot do business with assists own . I’m not aware of any such onerous requirements here in the state to do business. I am thinking of coming and investing in my home country but this have me very worried . Please I need clarification!
We do not hear much on Business Name.
Eitherly? Maam😅
🤣🤣🤣
Speaking of adequate systems, there needs to be more virtual options for these things. Cybersecurity is developing every single year. The complaints of standing in long lines and such should be addressed, but is continually ignored.
If this many changes there should be means to accommodate everyone.
That said, this video is a bit confusing due to her continued use of jargon and grammar. Seems she’s trying to sound intelligent, but we have no idea what is being said. Communication is an important part of comprehension. Please redo.
This is just more confusion.....