The federal government of St Kitts and Nevis has launched a three-month short-term tax reduction measure on college provides, starting in July 2025, to ease the monetary burden on households as they put together for the brand new tutorial yr.
“Training is the muse of our nation’s future and we recognise the monetary challenges many mother and father face when making ready their youngsters for college. By eradicating these taxes on important provides, we’re taking concrete steps to make training extra accessible whereas offering significant reduction to households throughout our federation,” stated Prime Minister and Minister of Finance, Dr. Terrance Drew.
In the course of the reduction interval, important instructional objects shall be exempt from import obligation, Worth Added Tax (VAT), and the Customs Service Cost. The federal government stated the tax concession will cowl a broad vary of back-to-school requirements, together with uniform materials, textbooks, stationery, calculators, and different studying supplies.
The initiative is designed to profit each business importers and particular person mother and father, guaranteeing higher entry to reasonably priced college provides for all sectors of society.
The federal government emphasised that the tax break underscores its dedication to supporting households and prioritizing training.
“By decreasing the monetary burden of back-to-school bills, the measure goals to make sure all college students have entry to the instruments they want for tutorial success whereas stimulating native financial exercise throughout this essential seasonal interval,” it added.
