Saint Kitts and Nevis Extending Stimulus Measures in 2022 Including Corporate Tax Rate Reduction of Companies that Maintain Staff

The St. Kitts and Nevis Information Service has published a release announcing that the Budget for 2022 was approved in the National Assembly on 20 December 2021. As part of the budget, the government is extending several stimulus measures, including a corporate tax rate reduction for companies that maintain staff. The measure provides that if a company maintains at least 75% of their staff in 2022, a reduction in the corporate tax rate from 33% to 25% will be provided.

A separate release…