Monday, December 17, 2018

Saint Lucia Addresses Amendments To Tax Bill

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Press Release:-  Prime Minister and Minister for Finance, the Hon. Allen Chastanet, last week sought Parliament’s approval to amend Saint Lucia’s tax regime, during a sitting of the House of Assembly.

Not too long ago, Saint Lucia was labelled by the European Union (EU) as having harmful preferential tax regimes.

The EU indicated that it was interested in promoting good governance worldwide, and maximizing efforts at preventing tax fraud and evasion. The EU said Saint Lucia does not apply the base erosion and profit shifting minimum standard, and was to commit to addressing the issue by Dec. 31. In that vein, a team was put together to create what the Prime Minister indicated is a Territorial Tax Structure.

Also speaking on the issue of tax amendments, Minister for Commerce, Hon. Bradley Felix, addressed the Free Zone Amendment Bill. According to Hon. Felix the amendment was made relatively easily, due to Saint Lucia not having any banking or insurance activity ongoing in the Free Trade Zone. The amended sections included but were not limited to 10(a), 11 and 15(a).

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5 COMMENTS

  1. Labor Tard,it occurred to me that you are making good of your name;you sound so retarded and blinded by colour.When someone don’t understand something he or she has to ask a question in order that it can be further explained.But you chose to insult him,how arrogant and foolish you sound,take stock of yourself,and get some sense of reasoning into your mind.

  2. Labor Yard, you must be part of the 43% of jackasses PM Chastanet referred to. I don’t believe you have ever been to school. You sound so idiotic.

  3. Not it’s to tax idiots like you who just like talking shate and bad mouthing everything that is done once it’s not by labour.

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