Income Tax rate in Saint Kitts & Nevis 2023 | Check Updated Sales, Personal & Coperate Tax rate

The updated Income Tax rate in Saint Kitts & Nevis? Every detail about Saint Kitts & Nevis’s income Tax rate and calculations are provided.

Every country in the world is bound to have its respective tax system. In the case of the personal income tax rate, sales tax, and corporate tax rate in Saint Kitts & Nevis, you will get to have a unique system guiding it.

People are asking, Is Saint Kitts a tax haven? How do I become a tax resident in St Kitts? Which Caribbean island has no income tax? Does St Kitts have a tax treaty with the U

In this article, you will be shown the details on the income Tax rate in Saint Kitts & Nevis. The taxation system which covers the personal income, sales and corporate tax rates.

Saint Kitts & Nevis’s Personal income Tax rate 2023?

Personal income tax rate is generally the tax rate after all the expenses and deductions has been made.

Income – Allowable Expenses = Taxable income

Taxable income/Tax rate = Tax Due

  • ┬áPersonal Income Tax Rate 0%

The sales tax rate in Saint Kitts & Nevis

The sales tax rate in Saint Kitts & Nevis is a consumption tax imposed by the government on the sale of goods and services.

  • The Country has a Value Added TAX (VAT), which consists of three rates: the Standard at 17%, the Reduced at 10% for hotel accommodation and restaurants, and the Zero-Rated items at 0%, these items include flour, sugar milk, bread, oats, and rice


The corporate income Tax rate

Saint Kitts & Nevis Corporate tax is a tax on the profit of a corporation. The tax are paid on company’s taxable income.

  • St. Kitts and Nevis have a flat rate of 33% for corporate income tax. The branch tax rate is also 33%.

Withholding tax rate (non-treaty):

Withholding tax in St Kitts is 10%. It is deducted by individuals and ordinary companies that conduct business in St Kitts and are remitting payments to persons outside of the Country.

Is Saint Kitts a tax haven?

Not surprisingly, the country has provided the perfect environment and regulatory framework for some of the biggest tax evasion and money laundering scams ever recorded.

Does St Kitts have a tax treaty with the US?

The country is yet to signed a bilateral investment treaty with the United States. It does have a Double Taxation Agreement with the United States. However, this agreement is limited solely to social security benefits.

The details above has been released to enlighten the general public on the income Tax rate in Saint Kitts & Nevis. If there’s anything else you need, kindly let us know via the comments section below.


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