Friday Dec. 13^th and Saturday Dec. 21^st 2024 are the dates for the Discounted Value Added Tax (VAT) Rate Days (DVRD’s) in St. Kitts & Nevis, Inland Revenue Department (IRD) says.

This 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, providing an exceptional opportunity to enjoy significant discounts on various tangible items. During these days, customers can take advantage of a reduced VAT rate of 5% on eligible goods, which typically fall under the 17% VAT bracket.

This offer applies exclusively to tangible items that are available for immediate issuance or delivery on the Discounted VAT Rate Day. VAT will also be exempt on the first $50,000 of the cost of vehicles except in cases where duty-free concession is applied. Any vehicle cost in excess of $50,000 will attract the standard rate of 17% VAT.

Orders for items that are not readily available will not be eligible for this special pricing. Additionally, certain items are excluded from this promotion to ensure the safety and well-being of customers. These include, guns, ammunition, cigarettes, and alcoholic beverages. Meantime, businesses interested in participating are asked to submit your application Monday Dec. 9^th 2024, at 4pm. For more details, contact 469-5856 (Nevis) or 465-8485 (St. Kitts).