For First-Time Homeowners there will be no import duty, no Customs service charge, and reduced Value Added Tax (VAT) to 13% for one year from the start date of project approval.
Homeowners who wish to renovate or repair their homes incurring an amount up to EC$500,000 will receive similar benefits, that is, no import duty, no Customs service charge, and reduced VAT to 13% until December 31st, 2024.
Source: www.stvincenttimes.com
