Published 24 August 2022
Basseterre
Buckie Got It, St.Kitts and Nevis News Source
SAINT CHRISTOPHER AND NEVIS INLAND REVENUE DEPARTMENTPRESS RELEASE
DISCOUNTED VAT RATE DAYS AUGUST 2022
BASSETERRE, ST. KITTS, August 24th 2022 – The Inland Revenue Department (IRD) is pleased to announce that the 26th and 27th August, 2022 are the prescribed dates for the Discounted VAT Rate Days.
This will allow all approved VAT registered businesses to 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. Alcoholic beverages not eligible include but are not limited to Wine, Brandy, Vodka, Whiskey, Gin, Rum, Liqueurs, Beer, Guinness, Royal Stout, Carib, and Smirnoff Ice.
Businesses desirous of registering for Discounted VAT Rate Day must ensure that:
• All VAT return filings and/or payments are up to date;
• They have no outstanding taxes, licenses, penalties and/or interest due to the Inland Revenue Department and/or the Customs and Excise Department.
Business wishing to participate may collect application forms from the Inland Revenue Department’s Main Office on the Bay Road, and the Charlestown Office. Forms must be returned on or before August 25th, 2022 at 3:00pm. Businesses are encouraged to submit their applications via email at [email protected].
For more information on application and registration for Discounted VAT Rate Days, kindly contact the Taxpayer Services Unit at 465-8485 Ext: 3400/3401, email at [email protected], visit the Department’s website at www.sknird.com or Facebook page.
The Inland Revenue Department is charged with administering the tax laws of the Federation in an efficient and equitable manner, to promote voluntary compliance to maximize Revenue for the development of the Federation at the least cost to the public and in a manner that warrants the highest degree of Public confidence in our integrity, efficiency and fairness. The Inland Revenue Department is the prime revenue collections agency for the Government of St. Kitts and Nevis within the Ministry of Finance, located at Bay Road, Basseterre, and Charlestown, St. Kitts and Nevis, West Indies.
