St. Kitts and Nevis is often described as a "tax haven" because it has no personal income tax, no wealth tax, and no inheritance tax for its residents. For 2026, the government confirmed a "no new taxes" budget, focusing on maintaining these attractive conditions for citizens and those who obtain status through "Citizenship by Investment." For tourists, however, the islands are not entirely tax-free; a Value Added Tax (VAT) of up to 17% is included in the price of most goods and services, with a reduced rate of 10% for hotel and restaurant services. Non-residents who receive dividends or interest from local sources are subject to a 15% withholding tax. While there are no taxes on personal capital gains or global income for residents, the country does have a corporate income tax of 33%. Overall, while the tax burden for individuals living on the islands is among the lowest in the world, visitors still contribute through consumption taxes and duties included in their travel costs.