St. Kitts and Nevis' reduced VAT Rate Day draws huge crowd of shoppers
Saturday, 13th April 2024

According to the information, the citizens were seen exploring their favourite shops in the Federation to benefit from the special 5 percent VAT rate on a huge array of eligible goods, which were discounted from the standard VAT Rate of 17 percent.
This significant initiative showcases the utmost dedication and commitment of the St. Kitts and Nevis Government to bring a major relief to the people of the Federation amid the Easter season.Also, several businesses across the island announced additional offers and discounts to attract more customers towards them. The offers included storewide discounts, buy 1 get one free item and much more.
Some stores, such as Courts St. Kitts and Nevis, also offered a huge discount of 25% on selected items, giving citizens the benefit of purchasing new televisions, refrigerators, washing machines and other household items at a much cheaper rate than usual.
It is to be noted that on reduced VAT Rate Day, all businesses registered under VAT charged it at the rate of 5% on the sale of goods only. All tangible items which are usually subjected to 17% VAT qualified for the discount yesterday.Since 6 am on Friday, hundreds of patrons were seen throughout the day, especially in Basseterre and Charlestown, taking advantage of the reduced prices. People were also seen carrying huge bags of products that they purchased at discounted rates.
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The huge response of the general public has made this initiative a huge success and has turned out to be a win win situation for both consumers and sellers.
Monika Walker is an experienced journalist specializing in global political developments and international relations. With a keen eye for accuracy and analysis, Monika has been reporting for over a decade, bringing stories to light that matter to readers around the world. She holds a degree in International Journalism and is passionate about giving a voice to underrepresented communities through factual reporting.
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