- VAT rate will return to 17 percent on July 1, 2025
- Temporary reduced rate of 13 percent will expire
- Change aligns with 2025 Budget Address policy measures
- Initiative positively impacted commercial activity and consumer sentiment
- St. Kitts and Nevis Chamber of Industry and Commerce appreciated the initiative
- Businesses should update pricing systems and accounting software
- Inland Revenue Department offers technical support for transition
Source: sknird.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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