For First-Time Homeowners there will be no import duty, no Customs service charge, and reduced Value Added Tax (VAT) to 13% for one year from the start date of project approval.
Homeowners who wish to renovate or repair their homes incurring an amount up to EC$500,000 will receive similar benefits, that is, no import duty, no Customs service charge, and reduced VAT to 13% until December 31st, 2024.
Source: www.stvincenttimes.com
Latest Posts in "Saint Kitts and Nevis"
- Premier Brantley Urges Federal Government to Lower VAT, Reform Taxes to Boost Economic Growth
- Reminder: Discounted 5% VAT Rate Days on December 12 and 20, 2025
- Save Big on Back-to-School Essentials: Discounted VAT Days on August 15-16, 2025
- VAT Rate to Return to 17% in St. Kitts and Nevis from July 1, 2025
- St. Kitts and Nevis Announces 2025 Discounted VAT Days for Economic Relief and Savings
