Articles & Press Releases

The Inland Revenue Department (IRD) informs taxpayers of important changes that should be adopted when submitting the Corporate Income Tax (CIT) filings. It also provides guidance as it continues to address pending issues within the new SMARTS Portal.

The Inland Revenue Department (IRD) extends heartfelt gratitude to the many taxpayers who have already responded positively to our first tax reminder regarding income earned through short-term rental platforms. Your cooperation is essential in fostering a compliant and transparent tax environment that supports our nation’s development.

The Government of St. Kitts and Nevis is steadfast in its commitment to enhancing the economic well-being of its citizens. As declared by the Honourable Prime Minister, Dr. Terrance Drew, during his 2025 Budget Address, a significant VAT reduction will be implemented starting January 1, 2025., lowering the standard VAT rate from 17% to 13% for the first six months of the year. This new rate will apply to the supply or sales of goods and services across the Federation that previously sold at the 17% standard rate. This VAT Relief Holiday is designed to empower families and businesses by reducing financial burdens and fostering economic stability.

St. Kitts and Nevis Inland Revenue Department, Basseterre, St. Kitts, October 31, 2024 – Get ready for unparalleled savings as the highly anticipated Discounted Value Added Tax (VAT) Rate Days approach on Friday December 13 and Saturday December 21, 2024. This limited-time event will empower all approved VAT-registered businesses to offer their customers a reduced VAT rate of 5% on the sale of goods. Vehicles will be specially discounted thus providing an exceptional opportunity to enjoy significant discounts on various tangible items.

Customers and businesses are to mark their calendars for the upcoming Discounted Value Added Tax (VAT) Rates Days on August 16 and 17, 2024. During these two days, eligible tangible items currently subject to the standard 17% VAT rate will qualify for a reduced VAT rate of 5%

St. Kitts and Nevis Inland Revenue Department, Basseterre, St. Kitts, July 12, 2024: Instructions for Taxpayers on Filing VAT Returns during the concession period, or the tax periods of July, August and September 2024. As part of the recently announced concessions on school supplies and cooling equipment (not for commercial use), NO VAT will be charged on these items.

The St. Kitts and Nevis Inland Revenue Department, in collaboration with the CARICOM Secretariat, announces the launch of the Seventh COTA Essay Competition 2024 of February 19, 2024. This activity aims to promote understanding and interest in tax-related topics among people throughout the Caribbean region.

The Inland Revenue Department (IRD), guided by the Ministry of Finance, proudly announces the official launch of SMARTS (Sustainable Modernized Administrative Revenue Tax System), marking a monumental leap forward in tax administration for the Federation of St. Kitts and Nevis.

The Inland Revenue Department (The Department) is pleased to announce the extension of the deadline for the filing and payment of January 2024 Value Added Tax (VAT) to February 29, 2024.

The Inland Revenue Department (IRD) announces the extension of the launch date for its new tax administration system. This adjustment in the launch activities reflects IRD’s unwavering commitment to ensuring a smooth and efficient transition for our customers.