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Duty Free Store Class "B" License |
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- All stores must be located in the Duty Free Store Zone – (Basseterre – bounded by Port Zante in the South, Cayon Street in the North, College Street in the West and East Independence Square Street in the East (including the Sand’s Complex), RLB International Airport, Romney Manor, Brimstone Hill, Frigate Bay, the South East Peninsula and White Gate Development).
- All applications will be approved by the Ministry of Finance upon a favorable recommendation by the Customs Department and after all other requirements are met.
- All successful applicants will be subjected to pay a 6% Non-Refundable Duty Free Store Levy on items from the approved list of goods for duty free stores.
- All successful applicants will be allowed to sell to both locals and visitors.
- Customs Duty, Excise Duty and Consumption Tax is payable on sale of liquor or tobacco to resident of St. Christopher & Nevis and the licensee must pay to the Customs Department the applicable duty and taxes on the goods sold.
- All successful applicants must pay EC $5,000.00 license fee if the store floor space is within 0 - 1500 square feet or EC $7500.00 license fee if the store floor space is in excess of 1500 square feet. All fees are to be paid at the Customs Department.
- All successful applicants will be required to pay the traders tax or the corporation tax if incorporated.
- Licenses will be renewed on an annual basis provided that all required taxes are settled with the Inland Revenue Department and a favorable recommendation from the Customs Department.
- Any holder of this license found in violation of this policy will be subject to penalties in the form of fines or the revocation of the license or both.
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