Basseterre, St. Kitts, March 24, 2020 (SKNVIBES)

On Tuesday, March 24, the Government of St. Kitts and Nevis announced a significant and far-reaching stimulus package to cushion the impact of the COVID-19 (novel coronavirus) on impacted individuals and the local economy.These include, inter alia, the postponement of the payment of Property Tax from June to September 2020; the removal of Value Added Tax (VAT) and Import Duty for six months on hygiene items such as hand sanitizers, hand sanitizer dispensing machines, and the removal of Import Duty and Customs Service Charge for six months on vegetables, fruits, fruit juices, cough and cold preparations and vitamins.
The Government’s wide-ranging stimulus package was revealed by Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris during a press conference today, Tuesday, March 24.Prime Minister Harris announced that a special emergency wage fund has been created to provide relief for displaced workers.

The post Special emergency wage fund set up to provide relief to employees affected by COVID-19 appeared first on inSKN :: St. Kitts Nevis.

Read More: