WATCH: PM’s Office Touts Millions In Tax Exemptions

Prime Minister Hon. Philip J. Pierre has initiated the biggest tax amnesty programme in the history of Saint Lucia. Local businesses, property owners and taxpayers who have incurred fines, penalties and interest charges on unpaid taxes to the government (up to financial year 2021) qualify for a 100% waiver. Prime Minister Pierre has chosen to forgo nearly $780 million in fines, penalties and interest charges on unpaid taxes to the government. This decision will alleviate the financial strain on our citizens and local businesses and allow local businesses, property owners and taxpayers to keep that money. The Prime Minister has activated several tax exemption programmes to give everyday Saint Lucians a fighting chance against inflation.   VAT exemption on sanitary products (price-controlled)   VAT exemption on select building materials   VAT exemption on imported solar PV systems   VAT exemption on imported medical equipment   Reduced the concession for hybrid and electric vehicle imports from 35% to 5% Thanks to tax reforms introduced by the Prime Minister, low-income earners and government contractors have more breathing room.   Withholding tax on government contracts valued at $10,000 or less is eliminated   The income tax threshold has been increased from $18,000 to $25,500 annually As a result of Prime...