The public is reminded to take advantage of the ongoing tax amnesty programme on penalties, interest and fines before the scheduled deadline of May 1, 2024.
Once outstanding taxes are settled in full before the deadline, eligible taxpayers will benefit from a 100% waiver on all applicable charges.
Prime Minister and Minister for Finance, Hon. Philip J. Pierre, in 2022, tabled legislation in the Parliament to give legal effect to the tax amnesty programme.
At the time, interest and penalty charges on outstanding taxes owed to the Inland Revenue Department (IRD) amounted to $780 million.
The tax amnesty programme provides an opportunity for the private sector, citizens and property owners to regularize their tax profiles and avoid having to incur additional charges.
In 2023, the Prime Minister extended the deadline for the tax amnesty programme by one year to May 1, 2024.
Forgoing potentially $780 million in uncollected tax revenue demonstrates the government’s understanding of the economic challenges confronting the private sector and Saint Lucian households.
The Prime Minister’s tax amnesty programme is a timely policy response crafted to alleviate economic pressures on Saint Lucian businesses and households confronted by record high inflation and instability in the global economy.
Taxpayers are encouraged to visit the IRD in the Heraldine Rock Building in Castries or call 1 758-468-4700 for more information on the tax amnesty programme.
SOURCE: Office of the Prime Minister
Any third-party or user posts, comments, replies, and third-party entries published on the St. Lucia Times website (https://stluciatimes.com) in no way convey the thoughts, sentiments or intents of St. Lucia Times, the author of any said article or post, the website, or the business. St. Lucia Times is not responsible or liable for, and does not endorse, any comments or replies posted by users and third parties, and especially the content therein and whether it is accurate.
St. Lucia Times reserves the right to remove, screen, edit, or reinstate content posted by third parties on this website or any other online platform owned by St. Lucia Times (this includes the said user posts, comments, replies, and third-party entries) at our sole discretion for any reason or no reason, and without notice to you, or any user. For example, we may remove a comment or reply if we believe it violates any part of the St. Lucia Criminal Code, particularly section 313 which pertains to the offence of Libel. Except as required by law, we have no obligation to retain or provide you with copies of any content you as a user may post, or any other post or reply made by any third-party on this website or any other online platform owned by St. Lucia Times. All third-parties and users agree that this is a public forum, and we do not guarantee any confidentiality with respect to any content you as a user may post, or any other post or reply made by any third-party on this website. Any posts made and information disclosed by you is at your own risk.
Still waiting on my tax refunds….