- The Government of St. Kitts and Nevis has announced a reduction in the standard VAT rate from 17% to 13% starting January 1, 2025
- This VAT Relief Holiday is intended to reduce financial pressures on citizens and promote economic stability
- The reduced VAT rate of 13% will apply to all sales completed from January 1, 2025, onwards
- Sales occurring before January 1, 2025, will be taxed at the original 17% rate based on delivery, invoice issuance, or payment receipt
- The 10% Reduced Rate for commercial rentals, accommodation services, and restaurant supplies will remain unchanged
- Strict monitoring will be enforced under the Consumer Protection Act to ensure compliance and prevent price gouging
Source: vatcalc.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.
