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   taxes   

     

     

     
    Income Tax
     
    There is no personal income tax in St. Kitts or Nevis.
    Ordinary Companies are subject to an income tax rate of 35%.
    This tax does not apply to trusts, limited partnerships and exempt companies or to enterprises which have been granted a tax concession.
     
    Withholding Tax
     

    Individuals and ordinary companies remitting payments to persons outside of the Federation must deduct 10% withholding tax from profits, administration, management or head office expenses, technical service fees, accounting and audit expenses, royalties, non-life insurance premiums and rent.

     

    This tax does not apply to trusts, limited partnerships and exempt companies or to enterprises which have been granted a tax concession.

     

     
    Capital Gains Tax
     

    There is a capital gains tax of 20% on profits or gains derived from a transaction relating to assets located in the Federation which are disposed of within one year of the date of their acquisition.

     

    This tax does not apply to trusts, limited partnerships and exempt companies or to enterprises which have been granted a tax concession.

     

     
    Land and House Taxes
     

    There is a tax on land located in the Federation, this tax is charged at various rates depending on the size and nature of the land concerned.

     

    In Special Development Areas, such as the South East Peninsula on St. Kitts, there is a tax of 0.5% of the assessed market value of the land, or land and improvements.

     

    A house tax is charged at the rate of 5% of the annual gross rental value for residences in St. Kitts or Nevis with a 25% rebate for properties that are occupied by their owner solely as residence. The minimum annual rental value is XCD 600 (USD 222) in St. Kitts and XCD 48 (USD 18) in Nevis.

     

     

     

     

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