Nevis

List Of Nevis Food Item Without Consumption Tax

Nevis Junior Trade Minister - Dwight Cozier

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.

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Nevis Implements Food Cost Cutting Measures

Nevis Junior Trade Minister - Dwight Cozier

Nevis Junior Trade Minister – Hon. Dwight Cozier

Charlestown, Nevis
April 30, 2008

In a move to protect the people of Nevis and to soften the impact of the increasing global food and oil prices, the Nevis Island Administration (NIA) moved with immediate effect, to implement tax relief measures on select food and non food items on the island.
 
Junior Minister with responsibility for Trade on Nevis disclosed at a press briefing in Charlestown, on Tuesday April 29, 2008, that the Administration was committed to the formulation of policy to ensure that the cost of living was kept to a minimum.
 
“With this in mind, the government has decided to take steps which will lead to a reduction of the cost of imported foods and some none food items designed to counter the global crisis. The government has decided to cut consumption taxes on a number of items by a rate of at least 10 percent. Additionally, the NIA has decided to compute the consumption taxes on Cost, Insurance and Freight (CIF) only.  The NIA believes that a reduction in consumption tax would reduce the cost of specified items to the consumer.

“It is important to note that the formula for the computing of consumption tax is cost insurance and freight plus import duties, times the relative percentage of consumption taxes. Consumption tax is therefore varied between 7.5percent and 22.5percent depending on the particular item. The government has decided to approve food items identified by the study of food consumption patterns, which was undertaken in 2007 and which captured a wide cross section of food consumption patterns in Nevis,” he said.

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Warner Park Cricket Ground To Be In Top Shape

Benefactor, Reginald Francis Of St. Kitts Marine Works

Benefactor, Reginald Francis Of St. Kitts Marine Works
Photo By Erasmus Williams

Basseterre, St. Kitts – Nevis
April 30, 2008 (SKNIS)

The outfield of the Warner Park cricket stadium and the practice turf of the Len Harris Cricket Academy will remain in top shape when the Australian and West Indies cricket teams battle in St. Kitts on July 4 and 6.

The regular maintenance schedule of the Ministry of Sports coupled with the recent donation by Reginald Francis of St. Kitts Marine Works, will ensure this.

Mr. Francis explained that he held discussions with the grounds men at Warner Park and learnt that a specialized type of sand was required to aid the nourishment of the field. He added that the sand is not native to St. Kitts and Nevis and so he acquired the coarse sand from St. Maarten.

“St. Kitts Marine Works “¦ transported it [the sand] via barge, we trucked it here to Warner Park and took care of all of the expenses,” Francis said, adding that the investment in sports is money well spent as it positively impacts young people.

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