• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Thursday, April 22, 2021
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Featured

FIRST TIME HOMEOWNERS IN ST. KITTS AND NEVIS CONTINUE TO BENEFIT FROM DUTY FREE CONCESSIONS ON BUILDING MATERIALS

SKNISEditor by SKNISEditor
March 23, 2021
in Featured, Press Releases
FIRST TIME HOMEOWNERS IN ST. KITTS AND NEVIS CONTINUE TO BENEFIT FROM DUTY FREE CONCESSIONS ON BUILDING MATERIALS
Share on FacebookShare on Twitter

BASSETERRE, St. Kitts, March 23, 2021 (Press Unit in the Office of the Prime Minister) – More and more persons in St. Kitts and Nevis are taking advantage of the significant duty free concessions being offered as part of the Government’s First Time Homeowners Mortgage Programme. 

Whileaddressing the nation at his monthly press conference earlier today (Thursday, March 23), Prime Minister Dr. the Honourable Timothy Harris stated that more than 40 persons have been approved for the waiver of duty on construction materials for their home. 

Related posts

ST. KITTS AND NEVIS PURSUES ENHANCED WATER MANAGEMENT IN FARMING

ST. KITTS AND NEVIS PURSUES ENHANCED WATER MANAGEMENT IN FARMING

April 21, 2021
YOUTH ENCOURAGED TO BE POSITIVE SOCIAL MEDIA AMBASSADORS

YOUTH ENCOURAGED TO BE POSITIVE SOCIAL MEDIA AMBASSADORS

April 21, 2021

“My Government continues to support our people who are constructing their first home through the First Time Homeowners Mortgage Programme. Under this programme, qualified applicants are granted a significant waiver of duty on construction materials for their home. For the year so far, 41 persons have benefited from duty free concessions,” Prime Minister Harris said. 

The honourable prime minister noted that a total of 151 persons received duty free on building materials totaling $26.2 million in 2020. 

PrimeMinister Harris said his Team Unity administration recognizes the importance of persons owning homes and will do all in its power to ensure that the nation’s housing needs are met.

Theprime minister said, “We are doing all we can to help persons build their homes, increase their stake in our Country and create jobs and improve the business climate.”

Through the programme for first-time homeowners, persons are granted exemptions from Import Duty and Customs Service Charge (CSC) on building materials up to a maximum value of $400,000. Any amount in excess of this value is subjected to the regular taxes and duties. The concession applies to building materials whether imported or purchased locally.

-30-
 

Previous Post

PM HARRIS COMMENDS MINISTRY OF HEALTH FOR UTILIZING EVERY HEALTH CENTRE IN FEDERATION FOR VACCINE ROLLOUT

Next Post

INVESTMENT CLIMATE IMPROVING IN ST. KITTS AND NEVIS

Next Post
INVESTMENT CLIMATE IMPROVING IN ST. KITTS AND NEVIS

INVESTMENT CLIMATE IMPROVING IN ST. KITTS AND NEVIS

WHAT'S HOT

ST. KITTS AND NEVIS PURSUES ENHANCED WATER MANAGEMENT IN FARMING

ST. KITTS AND NEVIS PURSUES ENHANCED WATER MANAGEMENT IN FARMING

April 21, 2021
YOUTH ENCOURAGED TO BE POSITIVE SOCIAL MEDIA AMBASSADORS

YOUTH ENCOURAGED TO BE POSITIVE SOCIAL MEDIA AMBASSADORS

April 21, 2021
AVEC STUDENTS ENGAGE IN PROFESSIONAL DEVELOPMENT DAY SESSION

AVEC STUDENTS ENGAGE IN PROFESSIONAL DEVELOPMENT DAY SESSION

April 21, 2021

BROWSE BY CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget
Currently Playing

FOLLOW US

CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

CONTACT US

Government Headquarters
Church Street
Basseterre, Saint Kitts and Nevis 00265
(869) 467-1416

  • 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