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Concerns Arise Over Price Adjustments Amid VAT Relief Holiday in St. Kitts & Nevis

Summary by Times Caribbean
Basseterre, St. Kitts – February 7, 2025 – The six-month Value Added Tax (VAT) Relief Holiday, implemented on January 1, 2025, was expected to ease financial burdens on consumers in St. Kitts and Nevis by lowering prices on goods and services. However, a preliminary market assessment conducted by the Department of Consumer Affairs has revealed mixed results, with some businesses failing to reflect the expected reductions. A recent survey of four…
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Concerns Arise Over Price Adjustments Amid VAT Relief Holiday in St. Kitts & Nevis

Basseterre, St. Kitts – February 7, 2025 – The six-month Value Added Tax (VAT) Relief Holiday, implemented on January 1, 2025, was expected to ease financial burdens on consumers in St. Kitts and Nevis by lowering prices on goods and services. However, a preliminary market assessment conducted by the Department of Consumer Affairs has revealed mixed results, with some businesses failing to reflect the expected reductions. A recent survey of four…

·Saint Kitts and Nevis
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Times Caribbean broke the news in Saint Kitts and Nevis on Friday, February 7, 2025.
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