Women, and men younger than 35 years old now have the opportunity to borrow up to $100,000 for the establishment or expansion of existing small businesses, thanks to an EC $5million loan from the government and people of the Republic of China (Taiwan) to the Nevis Island Administration (NIA) to facilitate the process through the Small Enterprise Development Unit (SEDU).
The Value Added Tax (VAT) continues to be the single biggest revenue generator for the Nevis Island Administration. However, it continues to streamline its VAT Exemption policy.
Hon. Mark Brantley, Premier of Nevis and Minister of Finance in the Nevis Island Administration, presented a $239.7million budget free of new taxes, when he delivered the 2020 Budget Address in two and a half hours, at a sitting of the Nevis Island Assembly in Chambers at Hamilton House on December 03, 2019.
Hon. Mark Brantley, Premier of Nevis and Minister of Finance in the Nevis Island Administration (NIA), will present the 2020 Budget at a sitting of the Nevis Island Assembly Chambers at Hamilton House on December 03, 2019 at 10 a.m.
The issues of penalties, confidentiality and those persons who are subject to the legislation came in sharp focus when a Bill to amend the principal legislation – Integrity in Public Life Ordinance No 2. of 2013 – passed unopposed at a sitting of the Nevis Island Assembly in chambers on November 19, 2019.