Prime Minister Dr Terrance Drew announced that the Cabinet of St Kitts and Nevis had approved the gross payment of an additional salary, popularly termed double salary, to be paid on Tuesday, November 22nd, 2022
St Kitts and Nevis: Prime Minister Dr Terrance Drew announced that the Cabinet of St Kitts and Nevis had approved the gross payment of an additional salary, popularly termed double salary, to be paid on Tuesday, November 22nd, 2022.
PM Terrance Drew, through his official statement, cited that the persons who will be benefiting from this additional economic relief are all public servants, civil servants, Government Auxiliary Employees (GAEs) of St. Kitts and Nevis and the Nevis Island Administration (NIA), pensioners, and persons enrolled in the STEP and Peace Programme.
He expressed pleasure and noted, “It is my desire as Prime Minister to see the Federation return to a state of economic stability. I am pleased to announce that after careful deliberation, the Cabinet has approved the gross payment of an additional salary, popularly termed double salary, to be paid on Tuesday, November 22nd, 2022.”
PM Drew stated that statutory bodies are encouraged to extend this beneficial economic relief to their staff members as well.
He outlined that additionally, as a continuation of the government’s COVID-19 Recovery Plan initiatives, the Cabinet has approved the three discounted Value Added Tax (VAT) Rate Days.
The first will be on Friday November 25th, 2022, however, there will be no VAT discount on vehicle purchases on this date. The second will be on Friday December 16th, 2022, and the third on Saturday, December 17th, 2022 (inclusive of vehicle purchases).
On the Discounted Vat Rate Days, all VAT-registered businesses charge value-added tax at the rate of 5 percent on the sale of goods only.
However, PM Terrance Drew also urged the people to note that for vehicle purchases on the 16th and 17th of December 2022, VAT will be exempt on the first $50,000, and any costs in excess of the $50,000 will attract the standard rate of 17% VAT.
Earlier, PM Terrance Drew attended the Seventh Day Adventist Church in Molineux for the graduation on Wednesday, November 16th, for the graduation ceremony in celebration of the Cayon High School Class of 2022.
Statia Carnival is all set to come back with exciting events and activities from July… Read More
The fun of the Whit weekend featured exciting fringe events for St Kitts Music Festival… Read More
St Kitts and Nevis Labour Party Requiem Mass was held at the Unique Touch Christian… Read More
The Giraudel/Eggleston Flower Show and Market Fair opened in Dominica on Saturday under the theme… Read More
Tourism Trinidad launched the "Trinidad Fashion Festival 2024" under the theme- Dis Is We Style… Read More
Caribbean Airlines launched the 2023 "Welcome Home" campaign in Barbados with huge celebration and… Read More
National Bank of Dominica Ltd announced the winners of the NBD/Sports Division Primary Schools Football… Read More
InterCaribbean Airways- leading regional airline become the sponsor of Caribbean Week, which is scheduled… Read More
Caribbean Airlines sponsored prizes for the recently concluded Annual Prime Minister's Charity Golf Tournament at… Read More
Preserving the distinctiveness of Bhutan, King Jigme Khesar Namgyel Wangchuck is leading the way in… Read More