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.