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Posted: Wednesday 17 January, 2024 at 12:41 PM

NIA announces Culturama 50 Island Enhancement Incentive Programme

Press Release

    The following is an announcement by the Ministry of Finance in the Nevis Island Administration:


    Culturama 50 Island Enhancement Incentive Programme


    The Nevis Island Administration (NIA) will be implementing a tax incentive package geared towards the rejuvenation of communities and businesses as part of the Homecoming Celebrations for Culturama 50 in July 2024.


    This initiative is intended to assist with the beautification of the island and aid in the rejuvenation to private homes, commercial buildings, residential buildings, community buildings such as churches and other facilities.


    This package will run for the period of February 1 – August 31, 2024, with the main areas of focus as follows:


    - Painting of properties


    - Erecting of fencing


    - Construction of driveways and walkways


    - Changing of windows, doors and other physical esthetics on the external of the property


    - Replacing of furniture and equipment for Guest Houses and Apartments to enhance the accommodation for visitors


    Concessions to be granted:


    - Exemption from Import Duties and Customs Service Charge on all items falling into the category above


    - However, the 17% VAT will be payable.


    The applicant must submit:


    - Complete the Application Form which will be available at the Ministry of Finance


    - Building Board Approval (if applicable)


    - Contractors Estimates of the Cost of the Project or Bill of Quantities


    - Valid Government Identification Card


    - Valid Business License for commercial entities with up- to- date payment of taxes








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