Residents of St. Kitts and Nevis will once again be the beneficiaries of a (Value Added Tax) Reduction Day also known as VAT Day.

The federal government has announced the approval of the initiative on April 12th, 2024 as the First Reduced VAT Day for 2024.

All VAT registered businesses will charge VAT at the rate of 5% on the sale of goods only. 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. Vehicles, guns, ammunition, cigarettes, and alcoholic beverages are NOT eligible.