SERVICE TURNOVER TAX For Hoteliers and Tourist Marine Vessel Operators
SERVICE TURNOVER TAX For Hoteliers and Tourist Marine Vessel ...
SERVICE TURNOVER TAX For Hoteliers and Tourist Marine Vessel ...
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Table 1 [Manual Records]<br />
# Transaction Type Charges<br />
(VEP)<br />
STT 5%<br />
VAT<br />
15%<br />
TOTAL<br />
1 Accommodation $ 87.50 $ 4.38 $ 13.13 $ 105.00<br />
2 Refreshments $ 50.00 $ 2.50 $ 7.50 $ 60.00<br />
TOTAL $ 137.50 $ 6.88 $ 20.63 $ 165.00<br />
Table 2 [System-Based Records]<br />
#<br />
1<br />
2<br />
Transaction<br />
Type<br />
Accommodation<br />
Refreshments<br />
Charges<br />
(VIP)<br />
VAT<br />
1 5%<br />
Charges<br />
(VEP)<br />
STT 5%<br />
TOTAL<br />
$ 98.44 $ 12.84 $ 85.60 $ 4.28 $ 102.72<br />
$ 56.25 $ 7.34 $ 48.91 $ 2.45 $ 58.70<br />
TOTAL $ 154.69 $ 20.18 $ 134.51 $ 6.73 $ 161.42<br />
The table below shows how the gross amount paid by a hotel<br />
guest is calculated where the hotel owner is not registered for<br />
VAT.<br />
Table 3<br />
# Transaction Type<br />
Include in your monthly STT Return<br />
Include in your monthly STT Return<br />
Charges<br />
(VEP)<br />
STT 5%<br />
TOTAL<br />
1 Accommodation $ 87.50 $ 4.38 $ 91.88<br />
2 Refreshments $ 50.00 $ 2.50 $ 52.50<br />
TOTAL $ 137.50 $ 6.88 $ 144.38<br />
Include in your monthly STT Return<br />
NOTE:<br />
• STT is always calculated on the VAT exclusive amount.<br />
• VAT is calculated in the same way but the base figure shall<br />
not include the STT amount.<br />
4
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