St Kitts & Nevis
St Kitts & Nevis does not have income tax, and there is generally no capital gains tax; the exception is in respect of gains where the asset has been held for less than a year, where the tax rate is 20% of the gain. There are no inheritance or gift taxes.
There is no sales tax or VAT at present, although the government has been consulting on the introduction of VAT for the last two years.
Alien Landholding License is charged at 10%; stamp duty is paid by the seller and varies for 5% to 18½% depending on the type of property being sold.
Corporation tax is charged at 35%; IBCs are exempt from this.
St Kitts & Nevis is a member of Caricom. It also has tax treaties with a number of countries including the USA, the UK and Switzerland, as well as several tax information exchange agreements.
