• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Tuesday, July 1, 2025
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Featured

SIX CONSECUTIVE YEARS OF NO NEW TAXES BY THE TEAM UNITY ADMINISTRATION

SKNISEditor by SKNISEditor
December 18, 2020
in Featured, In The News
SIX CONSECUTIVE YEARS OF NO NEW TAXES BY THE TEAM UNITY ADMINISTRATION

Shows Prime Minister Dr. the Hon. Timothy Harris laying the 2021 Budget Estimates before the National Assembly.

Share on FacebookShare on Twitter

BASSETERRE, St. Kitts, December 18, 2020 (Press Unit in the Office of the Prime Minister) – The people-centered Team Unity Government of St. Kitts and Nevis this week continued what has become a longstanding tradition when Prime Minister Dr. the Honourable Timothy Harris presented his administration’s sixth consecutive tax-free budget.

TheTeam Unity Government was able to accomplish this feat, even during a time when all the world’s economy has been crippled by the ongoing novel coronavirus pandemic, thanks to the strong fiscal measures adopted over the last five years. 

Related posts

Saint Kitts and Nevis and Serbia Foreign Ministers Meeting to Deepen Bilateral Ties

Saint Kitts and Nevis and Serbia Foreign Ministers Meeting to Deepen Bilateral Ties

July 1, 2025
St. Kitts and Nevis Delivers CARICOM Statement at the United Nations Security Council Addressing the issue of Children and Armed Conflict: Effective Strategies to End and Prevent Grave Violations Against Children

St. Kitts and Nevis Delivers CARICOM Statement at the United Nations Security Council Addressing the issue of Children and Armed Conflict: Effective Strategies to End and Prevent Grave Violations Against Children

June 30, 2025

Inpresenting his sixth tax-free Budget on Tuesday, December 15, Prime Minister Harris said, “Mr. Speaker, the good news is that the Team Unity administration has been careful over the last five years not to impose any new taxes on the people of this Federation. This is a remarkable feat. For five years in a row, my Government would have managed this country, fulfilling our mandates and increasing the range of support to the social sectors including education, health,  national security, the poor and indigent, our women headed households, and at-risk groups. We have done all these things and more without adding one new tax.”

Theprime minister continued, “At a time when we could reasonably be asking for shared sacrifice for greater collective national good by imposing new taxes, my Government prefers to waive some of them, apply moratoria and reduce others, all to help our people and registered businesses successfully overcome the challenges of COVID-19.”

Rather, since assuming office, the Team Unity Government has made a concerted effort to remove and reduce a number of existing taxes. 

“For example, we have removed the onerous VAT from food, medicine and educational supplies in 2015. You have heard in this Budget what we propose to do with respect to personal protective equipment of removing VAT and Duty. In our 2021Budget, we have extended the reduction on the applicable rate of Corporate Income Tax and Unincorporated Business Tax, reducing them by a significant 24 percent and 50 percent tax rate respectively,” Prime Minister Harris said.

Dr. Harris noted that through this initiative, St. Kitts and Nevis is now among countries in the region with the lowest corporate tax rates. 

-30-

Previous Post

BENEFITS FOR UNEMPLOYED INDIVIDUALS TO BE PURSUED IN 2021

Next Post

CARICOM Secretary-General’s End of Year Message

Next Post
CARICOM Secretary-General’s End of Year Message

CARICOM Secretary-General's End of Year Message

WHAT'S HOT

Saint Kitts and Nevis and Serbia Foreign Ministers Meeting to Deepen Bilateral Ties

Saint Kitts and Nevis and Serbia Foreign Ministers Meeting to Deepen Bilateral Ties

July 1, 2025
St. Kitts and Nevis Delivers CARICOM Statement at the United Nations Security Council Addressing the issue of Children and Armed Conflict: Effective Strategies to End and Prevent Grave Violations Against Children

St. Kitts and Nevis Delivers CARICOM Statement at the United Nations Security Council Addressing the issue of Children and Armed Conflict: Effective Strategies to End and Prevent Grave Violations Against Children

June 30, 2025
Saint Kitts and Nevis Participated in and Advocated for the Right to Self-Determination on behalf of the British Virgin Islands at recently concluded Special Committee on Decolonization (C-24) Session held at the United Nations

Saint Kitts and Nevis Participated in and Advocated for the Right to Self-Determination on behalf of the British Virgin Islands at recently concluded Special Committee on Decolonization (C-24) Session held at the United Nations

June 30, 2025

BROWSE BY CATEGORIES

  • 2025
  • Attorney General, Ministry of Justice and Legal Affairs
  • Bills
  • Featured
  • Featured Ministry
  • Government Projects
  • Home Page Slider
  • In Focus
  • In The News
  • Interviews
  • Minister of Agriculture, Fisheries and Marine Resources; Cooperatives; Entrepreneurship and Creative Economy
  • Ministry of Education, Youth; Social Development; Gender Affairs; Aging and Disabilities
  • Ministry of Foreign Affairs, International Trade, Industry and Commerce and Consumer Affairs; Economic Development and Investment
  • Ministry of Health
  • Ministry of Public Infrastructure, Energy and Utilities; Domestic Transport; Information, Communication and Technology; and Posts
  • Ministry of Sustainable Development, Environment; Climate Action and Constituency Empowerment
  • Ministry of Tourism, Civil Aviation; International Transport; Employment and Labour; Urban Development
  • National Security
  • Notices
  • Parliament
  • PMO Press Releases
  • Press Conferences
  • Press Releases
  • Prime Ministers Office, Ministry of Finance; National Security; Citizenship and Immigration; Health and Social Security
  • Register of Voters
  • Round Table
  • Speeches 2025
  • The Cabinet Secretariat, Cabinet Secteatry
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget

LOCATION

St. Kitts Nevis Information Service
Government Headquarters
Chruch Street
Basseterre
St. Kitts
Tel:(869)467-1416

FOLLOW US

  • Government of St. Kitts & Nevis

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit

No Result
View All Result
  • Home

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit