IMF Advises St Kitts And Nevis On Next Tax Policy Step
by Mike Godfrey, Lowtax.net, Washington
03 August, 2016
With Saint Kitts and Nevis's budget surplus declining, the International Monetary Fund has recommended that the Caribbean territory undertake a review of tax expenditures.
It said in particular that the territory could review value-added tax, customs tax, stamp duty, withholding tax, and property tax concessions.
In its annual report for the territory, it noted that revenues have been lower due to a slowdown in receipts from the citizenship for investment (CBI) program. The IMF also recommended that Saint Kitts and Nevis set out a clear mechanism for sharing VAT and CBI revenues between the two islands.
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