Vat reduction: Shelf Prices adjusted to show 13% VAT as of February 17th
On January 1st, 2025, the Vat Reduction from 17% to 13% went into effect. This meant that all vat registered businesses were required to charge VAT (Value Added Tax) at…
Vat Reduction from 17% to 13%
In 2024, the Prime Minister, the Hon. Dr. Terrance Drew announced that for the first six months of 2025, tax payers will have vat relief by reducing the 17% amount…
Federal Gov’t confirms ongoing market surveillance on VAT Reduction
The Federal Government has announced its market surveillance efforts to ensure that the benefits of the recent Value Added Tax (VAT) reduction are passed on to consumers. The reduction in…
Price Increases on commodities, a repercussion of Covid-19
The Covid-19 pandemic has impacted every sector around the world and one of the impacts, is the price increases on food items at supermarkets. Recently, Premier of Nevis and…