Saint Kitts and Nevis Tax Tables 2024 - Tax Rates and Thresholds in Saint Kitts and Nevis

This page contains the tax table information used for the calculation of tax and payroll deductions in Saint Kitts and Nevis in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ KN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Saint Kitts and Nevis or would like to add to or suggest amendments to the information herein then please contact us.

Saint Kitts and Nevis Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Saint Kitts and Nevis are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Saint Kitts and Nevis Tax Calculator 2024.

Saint Kitts and Nevis Social Security and Payroll Deduction Rates in 2024

In Saint Kitts and Nevis, the social security system provides a safety net for workers by offering benefits in various circumstances, such as retirement, disability, and unemployment. Both employees and employers contribute to this system, ensuring that workers have financial support during times of need. The system is designed to be comprehensive, covering several key areas of social welfare.

One of the primary components of social security in Saint Kitts and Nevis is the pension scheme, which provides retirement benefits to individuals who have contributed throughout their working lives. This scheme is intended to offer financial stability to retirees, ensuring they have a source of income in their later years.

Another important element is disability benefits, designed to support workers who are unable to continue their employment due to a disability. This component of the social security system provides financial assistance to individuals affected by long-term or permanent disabilities, helping them to manage their living expenses.

The social security system also includes survivor benefits, which are paid to the dependents of a deceased worker. This support helps to alleviate the financial burden on families following the loss of a breadwinner, providing them with a measure of economic security.

Additionally, there are sickness benefits that offer financial support to employees during periods of illness, allowing them time to recover without the stress of losing their income. This is particularly important for maintaining the health and well-being of the workforce.

Employment injury benefits are another critical aspect, covering medical expenses and providing compensation for workers who are injured or become ill as a direct result of their job. This ensures that employees are protected against the financial impacts of work-related health issues.

Employers and employees both contribute to the funding of these benefits through payroll deductions, which are calculated as a percentage of the employees' salaries. These contributions are essential for maintaining the solvency and effectiveness of the social security system, ensuring it can continue to provide support to those in need.

Understanding the structure and purpose of social security and payroll deductions in Saint Kitts and Nevis is crucial for both employers and employees, as it highlights the commitment to social welfare and the collective responsibility of the workforce to support each other.

Saint Kitts and Nevis VAT Rates in 2024

VAT rates for Saint Kitts and Nevis are reviewed annually, you can use the VAT Calculator to calculate VAT due in Saint Kitts and Nevis or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Saint Kitts and Nevis

The following tax tables are supported by iCalculator™ KN as part of the suite of free tax tools we provide for Saint Kitts and Nevis.