By: Spokesman Newsroom
BASSETERRE, St.Kitts (Thursday 15th November 2018)- Prime Minister and Minister of Finance Dr. Timothy Harris announced at his monthly press conference this week that there will be two discounted Value Added Tax (VAT) rate days in December.
“This year we will afford consumers two shopping days of reduced VAT Rate. My Cabinet has approved the recommendation from the Chamber of Industry and Commerce (CIC) and the Ministry of Finance that Friday, December 14th and Thursday, December 20th be declared Discounted VAT Rate Days,” he disclosed yesterday.
PM Harris further informed that all tangible items that are presently subject to 17% VAT will qualify for the discount VAT rate while non–tangible items such as the supply of professional services will continue to be subject to the 17% VAT rate.
Additionally, services such as legal fees, restaurant supplies, rent, tickets for the game of chance (lottery/ raffles), top-ups and phone cards are not eligible for the VAT reduced rate.