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St Kitts Grants Hoteliers Import And Consumption Tax Waivers,
by Amanda Banks, Tax-News.com, London
Friday, February 06, 2009
Small hotel owners in St Kitts are to benefit from a Special Incentive Package
agreed with Prime Minister and Minister of Tourism, Denzil Douglas. The package
will allow tax concessions in exchange for their commitment to maintaining certain environmental and quality standards.
The small hotels will get a waiver of import duty and consumption tax on fixtures,
furniture, appliances and equipment imported for use in refurbishment projects.
Energy saving equipment is also treated as refurbishment and will incur
the 12% customs service charge only. Small hotels with restaurant facilities
will also be allowed to import food and wine duty free (a waiver of import duty
and consumption tax with a 12% customs service charge payable). However the
facility is not extended to sodas (carbonated beverages), beer and liquor.
The agreement requires the hoteliers to increase their energy efficiency by
adopting energy saving practices and maintain their physical facilities to at
least the minimum acceptable level of industry related standards.
Small hotels, defined by having more than ten rooms but less than 99 rooms,
are required to train all employees for a minimum of 12 hours per year for each
employee and switch their supply chains to utilise local agricultural commodities.
A suitable mechanism is to be put in place by the Ministry of Finance and Customs
Department to monitor the measure to ensure that stock for the restaurant is
kept separate from other stock, to ensure that the system is not abused.
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