Will St. Kitts and Nevis have VAT day(s) this Year?

Will St. Kitts and Nevis have VAT day(s) this Year?

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Given the financial constraints caused by the long closure of the Federation’s borders, will St. Kitts and Nevis have Discounted VAT (Value Added Tax) Rate day(s) this year? 

 

A caller posed this question to Prime Minister – Dr. the Hon. Timothy Harris during Tuesday’s “Leadership Matters” program. 

 

Prime Minister, Dr. the Hon. Timothy Harris, responded by saying: 

 

Prime Minister – Dr. the Hon. Timothy Harris. 

 

The Cabinet of St. Kitts and Nevis is expected to begin discussions shortly on the Discounted VAT Rate period for 2020.

 

A discounted rate from the 17 percent VAT is typically offered in December to boost consumer spending during the Christmas and Carnival season.