St. Kitts and Nevis Inland Revenue Department, Basseterre, St. Kitts, July 31, 2024: 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%
Eligible Items:
All tangible items that are usually subject to a 17% VAT will benefit from the discounted rate, except for the following:
- Vehicles
- Guns
- Ammunition
- Cigarettes
- Alcoholic Beverages (including Wine, Brandy, Vodka, Whiskey, Gin, Rum, Liqueurs, Cordials, Beer, Guinness, Royal Stout, Shandy Carib, and Smirnoff Ice)
Non-Eligible Items:
Non-tangible items such as the supply of professional services will remain subject to the 17% VAT rate. These services include but are not limited to:
- Legal fees
- Restaurant supplies
- Rent
- Tickets for games of chance (lottery/raffles)
- Top-ups
- Phone cards
Important Dates for Consumers:
- August 14, 2024: Publication Day of the list of taxpayers registered to participate in the Discounted Value Added Tax Rate Days.
Important Dates for Businesses:
- August 12, 2024: Application Deadline for businesses to participate.
- August 14, 2024: Publication Day of the list of taxpayers registered to participate.
- August 30, 2024: Due Date for the submission of the Sales Report.
Application forms are already available on www.sknird.com
If you have any questions or require further assistance, please contact the Inland Revenue Department.
The Inland Revenue Department, Building our Nation Through Responsible Tax Administration
St. Kitts and Nevis Inland Revenue Department, Bay Road, Basseterre, St. Kitts
Tel: (869) 465-8485, Exts.: 3402/3410 (St. Kitts) 869 469-5856 (Nevis)
Email: inlandrevenue@ird.gov.kn (St. Kitts); ird@niagov.com (Nevis)
Website: www.sknird.com
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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.