Nevis Villas

Nevis Luxury Villas – Nevis Villa Rentals – 1- 5 Bedroom Villas.

TooMuchNice Nevis Villa Rental

TooMuchNice Villa – Nevis Island, West Indies TooMuchNice Villa is located on the border of Jones Estate and Cades Bay.  With it’s elevated position TooMuchNice has great views of the beach, the Caribbean Sea, Nevis’ sister island St. Kitts, and  …

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Nevis Island Villa Rental – Serendipity Villa

Serendipity Villa – Nevis Island, West Indies Serendipity: the knack of making wonderful discoveries by sheer chance………  That’s how you have found this lovely little gem of a house, “˜Serendipity’, on the prettiest little jewel of all the Caribbean islands, …

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New Nevis Property Tax To Affect Villa Rentals

Nevis Propert Tax - Good Grief!

Nevis Property Tax – Good Grief!

Charlestown, Nevis
April 16, 2008

The first major property tax legislation in Nevis was passed in the Nevis Island Assembly late Monday April 15, 2008, after Premier of Nevis and Minister of Finance in the Nevis Island Administration (NIA) Hon. Joseph Parry sought leave to have the Nevis Property Tax Ordinance 2008 read a second and third time.
 
The historic Ordinance will modernise the valuation property taxes of Nevis through the introduction of market value as the validation standard for most properties on the island. It was tabled and received its first reading at a sitting of the Assembly in November, 2007.
 
The legislation was the first major piece of legislation of that nature to be passed by the NIA since the parent Bill was passed for the British colony of St. Kitts Nevis and Anguilla in 1913.
 
It provides for the exemption of certain properties from valuation and taxation; for the procedure for the valuation of property; for the payment of taxes; for the recovery of tax and for related matters.  

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Nevis Villa Owners To Be Taxed

Charlestown, Nevis
April 15, 2008
“The business of Government is not just about revenue and the collection of taxes, but it is about development of the country. Our government is just 25 years old this year and Nevis is fairly young. We are in a position to be called a developing country, a country which needs investment, infrastructure and development of services,” said Premier and Minister of Finance, the Hon. Joseph Parry.

The Premier was at the time speaking at a Town Hall meeting at the Nevis Cultural Centre on Monday, April 7th, 2008.The meeting was held by the Nevis Island Administration in collaboration with the Nevis Island Revenue Service to discuss the Property Tax Bill, 2007 as part of the Governments policy of inclusion and transparency.

This tax seeks to modernize the property tax law of Nevis, by introducing the market value as the valuation standard for most properties in Nevis.

The first reading of this Bill took place in November 2007, in the Nevis Island Assembly Chambers at Hamilton House in Charlestown. The Town Hall meeting was held before the second reading to get opinions, questions and feedback from the general public before the second reading of the said bill.

The Nevis Island Administration believes that this will result in greater tax equity and it will also facilitate the computerization of property valuation and taxation in Nevis.

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