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   taxes and fiscal incentives in st. kitts   



    There are no personal income taxes in St. Kitts. However, local companies are subject to corporate tax on profits. St. Kitts international financial services sector offers numerous taxation benefits to offshore companies, limited liability companies and trusts. These include exemption from income, social security, capital gains, withholding, gift, estate and succession taxes. Furthermore, as practiced in many developed countries, under the Fiscal Incentives Act, certain qualified companies wishing to conduct business in Nevis may be granted tax holidays, concessions and exemptions from import duties on parts, raw materials and production machinery.


    VAT or Value Added Tax is a tax on consumption. It is charged on the value of imports and on the value added (mark-up) on goods and services supplied by one business to another or to the final consumer.


    The tax is levied on imports, transactions between businesses, transactions between businesses and the final consumer and transactions with the Government. It is charge at a rate of 17%.


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Loan secured against your home that allows you to release the value of your property as cash for almost any purpose A loan, usually secured by collateral or a mortgage, taken out to finance alterations, remodeling, or structural renovations to an existing dwelling. A loan that does not use an asset as security. Unsecured loans generally offer higher interest rates and less flexibility than secured loans.
A loan that allows you to Combine your existing debts into one debt. This will lower your monthly repayments. A payday loan is a very short term cash loan usually repayable over a short period of time. A bad credit loan is a loan offered to those with a history of poor credit.
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