VAT set for September

The Government of Saint Lucia will introduce the Value Added Tax, commonly known as VAT, on September 01, 2012.

In doing so, the Government will fulfill undertakings given to international institutions by the former Government that VAT would be introduced during this financial year.

On page 13 of Our Blue Print for Growth, the Saint Lucia Labour Party’s Manifesto for the 2011 General Elections, the Labour Party had also indicated that Saint Lucia had no choice but to introduce VAT. However, consistent with its manifesto promises the Government will

1.     Maintain a basket of goods that will be zero rated, meaning that no VAT would be imposed on these goods; and

2.     Delay the introduction of VAT on the payment of bills for electricity and water until the Government is satisfied that the public is reasonably protected from arbitrary increases by the companies that provide these services.

The VAT Implementation Unit is currently finalizing arrangements for the introduction of VAT.

While a considerable amount of work has been undertaken by the VAT Implementation Unit in engaging various stakeholders in consultations and educating the general public on the characteristics of a VAT, the work of the Unit will intensify in the coming weeks with a view to ensuring that the business community and the public in general are provided with all relevant information and are adequately prepared for the change in the tax regime.  The Government expects to complete consultations with key stakeholders in the weeks ahead.

Saint Lucia remains the only country in the Eastern Caribbean which has not introduced the VAT.

Further details on the implementation of the VAT will be announced in this year’s Budget Address.

—-PM’s Press Secretary

 

Share your feedback with us.

Comments are closed.

← Go Back | Headlines Back to Top ↑
THE STAR Newspaper screen-shot-2016-12-02-at-7-33-25-pm
Magazines available in THE STAR Newspaper
2Nite Magazine for Saturday October 1st, 2016 ~ Issue no. 204
2nite Magazine
Sports & Health Magazine for October 1st, 2016 ~ Issue no. 112
Sports & Health Inc
  • 2Nite Magazine TV

    2Nite Magazine's Candid Camera

    You never know where 2Nite Magazine will capture you next. You may very well be the next one 'caught on candid camera' at the next event!! If its HIP and its HAPPENING, then its in 2Nite! Hosted by: Faye-Chantelle Mondesir (Empress Faye)

    Posted by 2nite Magazine on Friday, 22 January 2016
  • Contact us via WhatsApp with news on 1 758 720 2896

    What's App
    Send us your news or contact us with your story via What's App.
  • Sound your voice and cast your ballot!

  • Poll for the week

    See all polls and results
  • TALK or VENT here!

    TALK or VENT constructively and share your feedback on our weekly news and stories. CONSTRUCTIVE talk is welcome. You have a voice with The STAR Newspaper!
    TALK or VENT constructively and share your feedback on our weekly news and stories. CONSTRUCTIVE talk is welcome. You have a voice with The STAR Newspaper!
  • Subscribe for latest news and updates

    Enter your email address to subscribe and receive latest news and updates via email.

  • The St.Lucia STAR Newspaper

  • STAR Articles