PM takes issue with VAT legislation

PM takes issue with VAT legislation

Prime Minister, Doctor Kenny Anthony, has been critical of Value Added Tax (VAT) legislation.

Anthony was addressing the opening here this morning of the annual steering committee meeting of the Caribbean Regional Technical Assistance Centre (CARTAC).

The meeting is being held at the Sandals Grande.

A lawyer by profession, the Saint Lucia Prime Minister said he has found the VAT legislation to be unwieldly and complex.

He asserted that at times it defies logic and interpretation.

“This is merely to say that I am one of those who believes that tax legislation should be simple, structured and accessible,” Anthony explained.

He did not go into further detail, saying instead: “As the saying goes, that’s for another show.”

The Saint Lucia Prime Minister, who is also Minister of Finance, praised the role CARTAC has played in this country’s development.

Anthony disclosed that since CARTAC was founded in 2001, it has been a valuable partner in Saint Lucia’s efforts to build capacity in its economic institutions.

He revealed that CARTC has, among other things, played a vital role in assisting with reforms to this country’s financial management systems.

According to Anthony, since the financial crisis Saint Lucia has been looking to spur economic growth through economic diversification and increasing productivity.

He explained that at the same time Saint Lucia is paying more attention to monitoring risks in the financial sector.

Anthony told today’s opening ceremony that CARTAC has been a valuable partner not just through hands on technical assistance and training but through continuous dialogue.

He observed that by means of CARTAC, Saint Lucia has had access to world class experience and best practices.

Anthony outlined a number of areas where Saint Lucia has seen the results of its work with the institution.

He said that in the future, Saint Lucia is looking to work with CARTAC on reforms to the treasury and strengthening internal audit functions.


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