Nevis, West Indies. ?A Non-Tourist-Trap? Blog About Nevis.

The lawmaking body will convene at 10:00 A.M.

Basseterre, St. Kitts – Nevis
March 18, 2010 (CUOPM)

March 23rd 2010 is Budget Day in the Federation of St. Kitts and Nevis.

Speaker of the National Assembly, the Hon. Curtis A. Martin, has issues invitations to a wide cross section of the community requesting their presence at the Budget Session.

The lawmaking body will convene at 10:00 A.M.

Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas will lay on the Table, the Report of the Director of Audit for 2009 before introducing the Appropriation Act, 2010. The presentation will be made on the Second Reading of the Act.

The Appropriation Act provides for the services of St. Kitts and Nevis for the financial year from January 1st 2010 to December 31st 2010.

The Budget normally presented in December was delayed in view of the dissolution of the National Assembly and the January 25th general elections.

Debate on  the Budget is expected to begin on Wednesday March 24, 2010.

Related posts:

1. St. Kitts – Nevis’ Budget Day Is December 16
2. St. Kitts – Nevis To Present 2008 Budget
3. Citizens Await St. Kitts – Nevis 2008 Budget Address
4. Nevis 2008 Budget Session Set For Monday
5. December 9th Is Budget Day In Nevis

The USA Has Yet To Sign A TIEA

Basseterre, St. Kitts – Nevis
March 08, 2010 (CUOPM)

Australia is the 10th nation that St. Kitts and Nevis has signed Tax Information Exchange Agreements (TIEA’s).

With Friday’s signing by St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas and Australia’s Non-Resident Ambassador to St. Kitts and Nevis His Excellency Philip Kentwell, Australia joins Monaco, The Netherlands, The Netherlands Antilles, Aruba, United Kingdom, Denmark, Belgium, New Zealand and Liechtenstein.

St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas said the twin-island Federation will be signing tax information exchange agreements with six (6) Nordic countries on March 24, 2010 and will at the latest be removed from the OECD Grey List on that date.

St. Kitts and Nevis has already initialed or concluded negotiations with and are awaiting dates for signature with Canada, France, Germany, Norway, Sweden, Greenland, Faroe Islands, Iceland, Finland and San Marino.

The Federation has commenced discussions with India, Japan, the Republic of Seychelles and the United States on Tax Information Exchange Agreement but has not yet confirmed the text for these agreements.

Related posts:

1. St. Kitts – Nevis Signs TIEA With New Zealand
2. St. Kitts – Nevis and Australia Sign TEIA
3. St. Kitts – Nevis Signs Another Tax Information Exchange Agreement
4. St. Kitts – Nevis Signs TIEA’s With Four Countries
5. St. Kitts – Nevis and Monaco Sign Double Taxation Treaty

PM Douglas and Commissioner Kentwell
Photo By Erasmus Williams

Basseterre, St. Kitts – Nevis
March 08, 2010 (CUOPM)

The existence of the necessary regulatory and supervisory institutions augurs well for the overall development of the Federation’s financial services industry, St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas said on Friday.

Signing a Tax Information Agreement with Australia, Prime Minister Douglas noted that one of the new planks of the economy of St. Kitts and Nevis is financial services and St. Kitts and Nevis wants to ensure compliance with international standards of transparency and appropriate accountability.

“We are very pleased as a country to come to a point where we feel comfortable that what we are doing here today will be to the benefit of those in Australia and those here in St. Kitts and Nevis,” said Prime Minister Douglas.

Australia’s Non-Resident High Commissioner to St. Kitts and Nevis, His Excellency Philip Kentwell said he has been observing from his Port of Spain, Trinidad office, that St. Kitts and Nevis, under the leadership of Prime Minister Hon. Dr. Denzil L. Douglas, has been taking several initiatives on the issue of tax information agreements.

“I want to congratulate your Government for the leadership in that direction, because as we appreciate, the whole financial services industry is one which we need to ensure is managed carefully to encourage the confidence and this agreement between our two countries is going to further strengthen the relationship that we already enjoy,” said the Australian official.

Related posts:

1. St. Kitts – Nevis and Monaco Sign Double Taxation Treaty
2. Australia Expresses Desire To Help St. Kitts – Nevis
3. St. Kitts – Nevis To Sign Non-Reimbursable Grant With France
4. St. Kitts – Nevis Committed To Clean Offshore Investments
5. St. Kitts – Nevis And EU Sign Visa Waiver Agreement