tax
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St Kitts and Nevis, India Sign Tax Information Exchange Agreement
The governments of St Kitts and Nevis and India have signed a tax information exchange agreement. The agreement was signed by St Kitts and Nevis’ Ambassador to the United Nations, Delano Frank, and his Indian counterpart, Ambassador Asoke Kumar Mukerji. The agreement includes information “relevant to administration of domestic tax laws of each country in terms of assessment, tax claims…
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Bahamas Planning to Introduce 7.5 Percent Value Added Tax in 2015
The Bahamas is planning to introduce a new 7.5 percent value added tax, the government announced this week. The tax will be a single VAT rate across the board, although that is lower than an initially proposed 15 percent tax. The country’s Ministry of Finance said the lower rate would also mean fewer exemptions. The ultimate plan is for the…
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CCJ orders Guyana to repay Surinamese beverage company US$6 million in environmental tax
The Caribbean Court of Justice (CCJ) on Thursday ordered Guyana to repay a Surinamese beverage manufacturer more than US$6 million in environmental tax that had been levied on non-returnable bottles because it amounts to a discriminatory import duty that violates Caricom’s Revised Treaty of Chaguaramas (RTC). The CCJ took note of the fact that the Guyana government had taken steps…
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BAHAMAS-ECONOMY-Bahamas sign tax agreement with Czech Republic
NASSAU, Bahamas, CMC – The Bahamas says it has entered into an agreement on the Exchange of Information on Tax Matters (TIEA) with the Czech Republic, the second such accord to be signed with an Eastern European nation. “The Bahamas welcomes the conclusion of this agreement with Czech Republic, a fellow participant in the ongoing efforts to implement the international…
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St. Kitts-Nevis called for end to aviation taxes that could cripple vital tourism sector
MONTREAL, Canada, CMC – St. Kitts-Nevis Wednesday urged the international community against imposing aviation taxes that would have a deleterious on the economy of the twin-island federation. Addressing the Plenary Session of the International Civil Aviation Organization (ICAO) assembly here, Tourism and International Transport Minister Richard Skerrit said that in a search for environmental solutions,” we must be careful to…
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