Nevis Junior Trade Minister – Hon. Dwight Cozier
PRESS RELEASE ON FOOD BASKET FOR TAX RELIEF ON NEVIS.
Fellow Nevisians:
The rising cost of oil on the International Market, coupled with other factors such as the extensive use of crops and farm lands by some countries for the production of alternative fuels, as well as droughts in countries as far away as Australia, have led to dramatic increases in the prices of food globally. The rise in food prices locally is not the doing of your Government.
Nevertheless, your Nevis Island Administration is committed to polices that will ensure that the cost of living in Nevis is kept as low and as normal as possible.
With this in mind your Government has decided to take steps which will lead to a reduction in the cost of imported food and some non food items, designed to counter the global crisis. The Nevis Island Administration has therefore decided to:
(a) cut consumption tax on a number of items by a 10% reduction, and
(b) compute the consumption tax on the said items on CIF only.
