- St Kitts and Nevis announces 5% off discounted VAT days on August 16-17
- The discounted VAT days are part of the ‘Back-to-School Discounted VAT Rate Days’
- Eligible tangible items subject to 17% VAT will qualify for the 5% discount
- Exceptions to the discount include vehicles, guns, ammunition, cigarettes, and alcoholic beverages
- Non-tangible items like professional services will continue to be subject to the 17% VAT rate
- The government encourages businesses and customers to participate in the discounted VAT rate days
- Christmas discounted VAT rate days are also announced for December 13 and December 21, 2024
- Temporary concessions on school supplies and air-cooling devices are available from July 1 to September 30, 2024
- Prime Minister Dr. Terrance Drew highlighted the initiative to offer benefits to citizens and stimulate the local economy.
Source: wicnews.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.
