The first of two Discounted Value Added Tax (VAT) Rate Days (or DVRD’s) in St. Kitts & Nevis, begins) Friday Dec. 13^th.

All approved VAT-registered businesses will be able to offer their customers a reduced VAT rate of 5% on the sale of 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.

Vehicles will be specially discounted. In light of this, VAT will 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. Certain items such as: guns, ammunition, cigarettes, and alcoholic beverages are excluded from this promotion. The next DVAT Day is scheduled for Saturday Dec. 21^st 2024.