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Double Salary Set To Boost Economic Activity

Published 21 November 2022


Buckie Got It, St Kitts and Nevis News Source


Double Salary Set To Boost Economic Activity

Basseterre, St. Kitts and Nevis, November 21, 2022: The Prime Minister of St. Kitts and Nevis,
Hon. Dr. Terrance Drew, expressed the desire to see the Federation return to a state of economic
stability by increasing the spending power of the people.

At his recent press conference held on Tuesday 15th November 2022, the Prime Minister and
Minister of Finance announced that the gross payment of a “thirteenth month salary” will be paid
tomorrow, November 22, 2022.

“I am pleased to announce that after careful deliberation, the Cabinet has approved the
gross payment of an additional salary, popularly termed double salary, to be paid on
Tuesday November 22nd, 2022. Persons who will be benefiting from this additional economic
relief are all public servants, civil servants, Government Auxiliary Employees (GAEs) of St.
Kitts and Nevis and the Nevis Island Administration (NIA), pensioners, and persons enrolled
in the STEP and Peace Programme.”

The Prime Minister has also encouraged statutory bodies to extend this beneficial economic relief to
their staff members as well.

Additionally, as a continuation of the government’s COVID-19 Recovery Plan initiatives, the Cabinet
has approved the three discounted Value Added Tax (VAT) Rate Days. The first will be on Friday
November 25th, 2022, however, there will be no VAT discount on vehicle purchases on this date.
The second will be on Friday December 16th, 2022, and the third on Saturday December 17th, 2022
(inclusive of vehicle purchases).

On the Discounted Vat Rate Days, all VAT-registered businesses charge value-added tax at the rat
of 5 percent on the sale of goods only.

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