May 24, 2013
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Debate continues Tuesday on VAT Bill in National Assembly

BASSETERRE, ST. KITTS, AUGUST 9TH 2010 (CUOPM) – Debate on the Value Added Tax (VAT) Bill 2010, which will implement a new tax regime in November this year, continues in the St. Kitts and Nevis National Assembly on Tuesday.

The 150-page document was given its second reading last Friday by St. Kitts and Nevis Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas.

Parliamentarians also received a 35-page document containing proposed amendments following widespread public discussion and consultations with private sector groups, social organisations and individuals; dissemination of information via radio and television talk shows and the internet. Read more

May 24, 2013
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PM Douglas says VAT rate is ‘reasonable’

BASSETERRE, ST. KITTS, JULY 19TH 2010 (CUOPM) – Prime Minister, Hon. Dr. Denzil L.Douglas has defended as ‘reasonable’ his government’s decision to introduce a 17 percent Value Added Tax (VAT) system before year end despite criticism of the rate.

Dr. Douglas, who is also the Minister of Finance, has warned that countries which have opted for a lower rate of 15 percent would be “severely challenged” as they grapple with the ongoing economic crisis.

The VAT is due to be implemented in November, replacing 13 existing taxes such as the five percent telecommunications tax, the three percent traders’ tax, the five percent vehicle rental levy, the five percent cable tax and the 10 percent lottery tax. Read more

May 24, 2013
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St. Kitts and Nevis Makes Splash at World Expo

St. Kitts, July 11, 2010 (SKNIS): Visitors to the twin island Federation’s booth at the Expo 2010 in Shanghai, China are transported to famous sites such as Brimstone Hill Bath Hotel and local beaches with impressive 3-Dimensional displays.

“You actually feel like you are in St. Kitts and Nevis. … The visual impact is remarkable,” Senior Trade Officer, Samuel Berridge said during an interview aired on SKNIS Perspectives. He noted that he has not been to Shanghai personally, but has seen the impressions. Read more