BASSETERRE, ST. KITTS, August 24th 2022 – The Inland Revenue Department (IRD) is pleased to announce that the 26th and 27st August, 2022 are the prescribed dates for the Discounted VAT Rate Days.
This will allow all VAT registered businesses to charge VAT at the rate of 5% on the sale of goods only, after the approval to participate. All tangible items that are currently subject to 17% VAT will qualify for the discount on Discounted VAT Rate Day. Items eligible must also be available for sale and immediate issuance or delivery to the customer on Discounted VAT Rate Days.
Orders for items not in stock do not qualify. Guns, ammunition, cigarettes and alcoholic beverages are not eligible. Alcoholic beverages not eligible include but are not limited to Wine, Brandy, Vodka, Whiskey, Gin, Rum, Liqueurs, Beer, Guinness, Royal Stout, Carib, and Smirnoff Ice.
Kindly note there will be NO VAT Discount on vehicle purchases.
Businesses desirous of registering for the Discounted VAT Rate Days must ensure that all filings and/or payments due to the Inland Revenue Department and/or the Customs & Excise Department are up to date.
Application forms can be downloaded from our website or collected from the Inland Revenue Department’s Main Office on the Bay Road, and the Charlestown Office and must be returned on or before August 25th 2022 at 1pm.
For more information on application and registration for Discounted VAT Rate Days, kindly contact our Taxpayer Services Unit at 465-8485 Ext: 3400/3401, or email us at inlandrevnue@ird.gov.kn, visit our website at www.sknird.com or our Facebook page at St Kitts and Nevis Inland Revenue Department.
The Inland Revenue Department is charged with administering the tax laws of the Federation in an efficient and equitable manner, to promote voluntary compliance to maximize Revenue for the development of the Federation at the least cost to the public and in a manner that warrants the highest degree of Public confidence in our integrity, efficiency and fairness. The Inland Revenue Department is the prime revenue collections agency for the Government of St. Kitts and Nevis within the Ministry of Finance, located at Bay Road, Basseterre, and Charlestown, St. Kitts and Nevis, West Indies.