Inland Revenue Department (IRD)
Form VAT-01 — VAT Return
Declare your taxable supplies and remit VAT to the Inland Revenue Department
- Form ID
- VAT-01
- Who must file
- All VAT-registered businesses (annual taxable turnover exceeding XCD 150,000)
- Filing frequency
- Monthly
- Filing deadline
- 15th of the month following the tax period
- Regulator
- Inland Revenue Department (IRD)
Form VAT-01 is the monthly VAT return filed with the Inland Revenue Department of Saint Kitts and Nevis by all VAT-registered businesses. The standard rate is 17%, with a reduced 10% rate for the tourism sector.
The return reconciles output tax on sales against input tax on purchases and determines the net tax due or refund owed. Late filing incurs a penalty of XCD 100 per month; unpaid tax attracts a 10% penalty plus 1.25% monthly interest.
Learn more about how HeadOffice can help you manage your Saint Kitts and Nevis business finances and stay on top of your VAT obligations.