- Discounted Value Added Tax (VAT) Rate Days are returning to St Kitts and Nevis on December 15 and 16, 2023.
- Approved VAT-registered businesses can offer a reduced VAT rate of 5% on eligible goods during this event.
- Customers can take advantage of the 5% VAT rate on a wide range of eligible goods.
- VAT will be exempt on the first $50,000 of vehicle costs, except for duty-free concessions.
- Certain items like guns, ammunition, cigarettes, and alcoholic beverages are excluded from the promotion.
- Specific alcoholic beverages like wine, brandy, vodka, whiskey, gin, rum, liqueurs, beer, Guinness, Royal Stout, Carib, and Smirnoff Ice are not eligible for the reduced VAT rate.
- For more information, visit www.sknird.com or contact the Inland Revenue Department.
Source: caribbean.loopnews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
