Reminders

The Due Date for Payment of Property Tax 2020 has been extended to September 30, 2020, as per the initiative outlined in the COVID-19 Stimulus Package 2020"

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The Automatic Exchange of Information (AEOI) Competent Authority for the Federation of Saint Kitts and Nevis has revised the filing deadline for FATCA and CRS reporting

The Saint Kitts and Nevis AEOI Competent Authority wishes to advise the Financial Institutions that it is now extending its FATCA reporting deadline for the 2019 reporting period to 30th November 2020.
The Saint Kitts and Nevis AEOI Competent Authority is also extending its CRS reporting deadline for the 2020 reporting period to 30th November 2020.

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Liquor Licence

The St.Kitts and Nevis Government has suspended all Liquor Licence renewals until further notice.

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Liquor Licence

All Liquor Licence renewals start at the Sir Lee Llewelyn Moore Judicial Complex (Court's Cashier.) The stub given there, should be presented to the Inland Revenue Department in order to process the Licence.

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Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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PROPERTY TAX RATES AND EXEMPTIONS

The tax rates in Saint Christopher (St. Kitts) and Nevis are based on the use of the property as stated below:

      ST.KITTS NEVIS
Accommodation                           building: 0.002 0.003
    land: 0.002 0.002
         
Agricultural   building: 0.000 0.000
    land: 0.000 0.001
         
Commercial   building: 0.003 0.003
    land: 0.003 0.002
         
Institutional   building: 0.000 0.002
    land: 0.000 0.0015
         
Residential   building: 0.002 0.00156
    land: 0.002 0.0075
         

Agricultural, Educational and Institutional property must be certified by the Director of Agriculture or qualify under the Education Act before they are exempted. An individual cannot unilaterally declare that their property is exempt.

EXEMPTION ON CONSTRUCTION OF A NEW RESIDENCE FOR ONE YEAR

If you are constructing a new residence, you are allowed a one (1) year exemption from the payment of Property Tax from the date of completion. This relief is a concession that the Inland Revenue Department allows on newly constructed residential properties only.

TIPS
  • Taxable entities and individuals are reminded that all documents are to be kept for a period of 6 years. Approval must be granted by the Comptroller for earlier disposal of the same.