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St Kitts To Levy Only Five Percent VAT On December 18

by Mike Godfrey, Lowtax.net, Washington
06 November, 2015

December 18 has been announced as the date for this year's Reduced VAT Rate Day for Caribbean island St Kitts and Nevis.

During this day, a five percent rate of value-added tax (VAT) will apply, rather than the headline VAT rate of 17 percent. Only one date has been announced for 2015, as opposed to the two that were allowed in 2014.

The Government has also announced that public sector workers will receive their monthly salary a day earlier, on December 17, to ensure they also fully benefit from the VAT reduction.

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