The Shopper Affairs Division of St Kitts and Nevis has shared an replace concerning the Discounted VAT Days to be noticed on fifteenth and sixteenth December 2023.
Denzil Douglas has additionally shared the replace issued by the Shopper Affairs Division, which options the monitoring course of and the rules to be adopted on the Discounted VAT Days.
“The Shopper Affairs Division shall be actively monitoring costs of particular objects main as much as the VAT discount days and costs on the precise days. We wish to remind companies to avoid worth gouging and different misleading pricing techniques. Our objective is to make sure that companies are passing on the tax financial savings to the supposed prospects,” says The Shopper Affairs Department.
The replace issued by the Shopper Affairs Division mentions the next data:
The Shopper Affairs Division is dedicated to making sure a good and clear market for all.
Enterprise Homeowners: The Consumer Affairs Division has urged enterprise house owners to observe honest pricing and uphold moral requirements throughout Discounted VAT Days. In accordance with shopper safety legal guidelines, costs ought to be displayed/affixed to all objects on the market.
How The Shopper Affairs Division Will Monitor: Weeks forward of the Discounted VAT Day, officers visited a number of companies in St Kitts and Nevis, unannounced, to document the costs of particular objects. The staff will revisit these places on the precise tax discount dates to watch and assess whether or not the costs of these objects have been unjustly inflated or elevated earlier than the gross sales. Their objective is to make sure that companies go on the tax financial savings to their prospects with out participating in worth gouging or different misleading pricing techniques.
The Shopper Affairs Division has assured that they may stay steadfast of their mission to guard prospects from unscrupulous and misleading practices. The Shopper Affairs Division has additionally urged individuals to report misleading practices. They’re inspired by saying that if anybody witnesses or has details about misleading or fraudulent enterprise practices, they will contact The Shopper Affairs Division. This can assist keep the integrity of the enterprise neighborhood.
