More than 40 business operators from Carriacou gained essential taxation knowledge through a comprehensive compliance workshop organized by the Grenada Development Bank (GDB) in partnership with the Inland Revenue Division (IRD). The event, held on March 3rd at Hillsborough’s Mermaid Conference Room, provided practical guidance on fundamental tax principles, accurate tax calculation methods, and proper filing preparation techniques.
The workshop featured Khalene Emmons, Tax Inspector from the Inland Revenue Department, who conducted an interactive demonstration of Grenada’s innovative digital tax platform, GTAX. Participants received live walkthrough instruction on electronic registration, return filing, and payment processing through the government’s online portal.
GDB General Manager Royston Cumberbatch emphasized the critical importance of maintaining precise financial records during his presentation. He detailed how systematic documentation of sales receipts, invoices, and expense logs enables business owners to accurately track financial activities, compute tax obligations correctly, and avoid penalties associated with filing errors or delays.
Cumberbatch explained that enhancing financial literacy among entrepreneurs represents a core component of the bank’s developmental mandate. “Many small enterprises encounter taxation challenges primarily due to procedural uncertainty or inadequate record-keeping practices. These educational initiatives aim to demystify compliance requirements while providing business owners with both the confidence and practical tools needed to strengthen their operational management,” he stated.
Attendees praised the workshop’s interactive format and expert guidance, with one participant noting: “The session provided exceptional clarity on previously confusing taxation aspects. I now possess a substantially improved understanding of tax computation and GTAX platform utilization.” Another business owner described the training as “perfectly timed and immensely beneficial,” adding that the step-by-step approach delivered actionable knowledge for maintaining organizational compliance.
The workshop constituted part of GDB’s broader outreach initiative to Carriacou and Petite Martinique, designed to enhance engagement with sister island businesses and communities. The program included extended consultations with Petite Martinique entrepreneurs regarding financing opportunities, business support services, and financial management strategies.