BASSETERRE, Saint Kitts and Nevis, March 20, 2024 (Press Secretary, PMO) – The Cabinet of Saint Kitts and Nevis, under the leadership of Prime Minister, the Honourable Dr. Terrance Drew, has announced the approval of a continued initiative aimed at providing financial relief to citizens and stimulating economic activity amidst the Easter season.
On April 12th, 2024, Saint Kitts and Nevis will observe an ‘Easter’ Discounted Value Added Tax (VAT) Rate Day, wherein all VAT-registered businesses will charge VAT at the reduced rate of five percent (5%) on the sale of goods. This decision marks a significant step in the government’s continued support of both consumers and businesses during a time traditionally associated with increased spending.
By slashing the VAT rate from the standard 17% to 5%, the government aims to alleviate financial burdens on citizens and ultimately bolster economic growth and stability. To ensure the effectiveness and fairness of this initiative, certain guidelines have been established: * All tangible items currently subject to 17% VAT will qualify for the discounted rate of 5% on Discounted VAT Rate Day. * Eligible items must be readily available for sale and immediate issuance or delivery to customers on Discounted VAT Rate Day.
Orders for items not in stock will not qualify. * Vehicles, guns, ammunition, cigarettes, and alcoholic beverages are excluded from the discount. This initiative underscores the government’s commitment to fostering a conducive economic environment and enhancing the welfare of its citizens.
Businesses are encouraged to actively participate in Discounted VAT Rate Day, seizing the opportunity to attract customers and contribute to the nation’s
College in Grenada, Clarence Fitzroy Bryant College in St. Kitts and Nevis, Sir Arthur Lewis Community College in Saint Lucia and the St. Vincent and the Grenadines Community College) to create an exciting 1 minute reel featuring a woman who they consider to be a leader in ICT from their respective countries or from any of the ECTEL Contracting States.
There are attractive cash prizes to be won, and to make it even more enticing, the emerging first place winner’s College, also wins a prize. In reference to the competition, ECTEL’s Managing Director, Mr. David Cox, said: “Supporting women in ICTs is important for all of us, and will specifically transform our countries and the region for the better, when more girls take up careers in STEM fields.” The Reel Contest launches on 21st March 2024 and all submissions must be made by 25th April 2024.
Visit ECTEL’s ‘She’s my ICT Champion!’ Reel Contest Girls in ICT 2024 – ECTEL for the contest rules and let your creative juices flow! ECTEL has been the regional regulatory body advising the National Telecommunications Regulatory Commissions (NTRCs) on electronic communications matters in its five (5) Contracting States namely; the Commonwealth of Dominica, Grenada, St.
Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines
