Information about Saint Kitts and Nevis Minimum wage and taxes.
Saint Kitts and Nevis is a country consisting of two islands located in the Caribbean Sea. The country's minimum wage is EC$
9.50 per hour as of 2021. This wage is calculated as EC$1,520 for a 40-hour week worked per month. The tax system in the country consists of income tax, social security premiums and consumption taxes. Income tax varies depending on a person's income and the rates are as follows: - For income between 0 and 25,000 EC dollars, the tax rate is 0%. - For income between 25,001 and 35,000 EC dollars, the tax rate is 8%. - For income between 35,001 and 50,000 EC dollars, the tax rate is 12%. - For income between 50,001 and 100,000 EC dollars, the tax rate is 17%. - For income of 100,001 EC dollars and above, the tax rate is 33%. Social security premiums are collected as
4.5% of the employee's salary and are paid by both the employee and the employer. Consumption tax is collected on goods and services sold in the country and its rate is generally 17%. However, lower rates may apply for some essential supplies and services. This information serves as general information. Country tax and fee policies may change over time, so it's important to get up-to-date information from your local tax authorities or your employer.
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