Taxation in St. Kitts and Nevis - Taxation News & Information

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State Tax Revenues Still Unstable

Overall tax revenue figures for US states have risen for the second straight quarter in 2010, however total collections are still lagging behind their pre-recession levels, lending uncertainty to future results.

Graduate Tax Would Cause an Exodus

If a graduate tax were to be instated in the UK, as previously suggested by the country’s Business Secretary, students would have little incentive to stay and contribute to the economy upon completion of their degrees, ultimately offsetting any possible benefits the system might have.

French Tax Change Could Lower Credit Rating

France has been warned that if it carries out proposed changes to the tax treatment of life insurance products, the country could face a national credit rating downgrade across the insurance sector.

Mexico Clamping Down On Money Laundering

Mexico could soon implement heavy restrictions on the use of cash for large purchases, in an effort to hinder the nation’s overwhelming levels of money laundering.

Immigration to Boost Latvian Economy

In order to bolster economy activity and government revenues Latvia has relaxed several of its immigration restrictions in an attempt to bring in greater levels of foreign capital and skilled employees into the country.

Apr 23, 20100

St. Kitts and Nevis Releases VAT White Paper

Categories: Taxation in St. Kitts and Nevis

The Government of St. Kitts and Nevis has released a white paper for public consultation on its intention to introduce Value Added Tax (VAT) in 2010. On April 21st the Government of St. Kitts and Nevis released a detailed white paper outlining its full intention to replace a number of existing national taxes with a single unified VAT. The paper, which received Cabinet approval on April 19th, is intended to familiarize national taxpayers with the proposed rules. The white paper also signals the ... Read More