Berkeley Clock, The Circus, St. Kitts
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Second Hand Traders and Antique Dealers

A dealer in second hand goods shall be allowed an input tax credit for an acquisition of second hand goods if the supply of goods to the dealer was not a taxable supply; and the dealer sells the second hand goods in a taxable supply on which tax is charged at the standard rate.

Please be guided though that some products though they may be passed on from one user or owner to another do not meet the criteria that satisfy the condition of second hand goods according to the VAT Act section 39 subsection (4) (a) and (b) and subsection (8) (a), (b), (c), (d) and (e). Hence, such exemptions as defined by the Act shall not be entitled to input tax credit.

Hereby, “second hands goods” mean goods which have been previously used except the following:

  1. precious metals or goods made of precious metals being
    1. gold (in an investment form) at least 99.5% fineness;
    2. silver (in an investment form) at least 99.9% fineness;
    3. platinum (in an investment form) at least 99% fineness;
    4. goods to the extent that they would fall within (i), (ii), or (iii) if they were of the required fineness;
  2. diamonds, rubies, emeralds, or sapphires that are not mounted, set, or strung;
  3. animals or plants;
  4. real property;
  5. goods valued for $10,000 and less.
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Contact Us

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The Tax Reform Unit (St. Kitts)
Inland Revenue Department
3rd Floor E.C. Daniel Building
Cayon Street
Basseterre
St. Kitts

Tel: (869) 467-1931
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

The Tax Reform Unit (Nevis)
Inland Revenue Department
Main Street
Charlestown
Nevis

Tel: (869) 469-5521 ext. 2221
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

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