Saint Kitts and Nevis: Guidance regarding VAT compliance for income from short-term rentals through online platforms
Full enforcement of compliance requirements began January 1, 2025
The Inland Revenue Department (IRD) on December 30, 2024, issued guidance requiring income from short-term rentals through online platforms to comply with the Value Added Tax (VAT) Act Cap 18.47 and the Island Enhancement Fund Act Cap 20.51.
The IRD encouraged compliance via a voluntary registration period when property owners could settle previous taxes without penalties. Full enforcement of the compliance requirements began January 1, 2025.
For more information, contact a KPMG tax professional in the Eastern Caribbean:
Grant McDonald | grantmcdonald@kpmg.bb
Marianne Greenidge | mariannegreenidge@kpmg.bb