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Taxation in St Lucia
 
 
 

General

Income tax is assessed on companies and individuals; excise taxes are levied on imports and manufactured goods; property taxes are levied on assessed value of land and buildings; licences and taxes are levied on the transfer of assets. There are a number of incentives built into the tax structure that make St Lucia attractive both for individuals and companies, resident and non-resident.

Changes are made to St Lucian tax law each year and the incentives are generous in order to facilitate serious investment which will result in overall economic growth while improving the socio-economic well being of the residents of St Lucia. The tax system described are general, however, you are encouraged to contact the members of the business community for up-to-date figures.

Taxation

Corporate Income Tax

St Lucian companies ordinarily resident (both public and private) pay tax at a flat rate of 33.3% on income accruing in St Lucia or elsewhere, whether received in St Lucia or not.

Income Tax – International Financial Services

Companies licensed under the Registered Agent and Trustee Licensing Act pay a blanket rate between 50-100% on all profits.

Property Tax

Stamp duty is payable on the conveyance, transfer or sale of any immovable property. The purchaser pays 2% ad valorem and the vendor pays between 2.5-10% ad valorem, which is based on whether the individual or the entity is a citizen of St Lucia, a registered company, or not.

Hotel Tax

A combined hotel occupancy tax of 18% which accounts for accommodation and service charge.

Import and Excise Duty

This amount ranges from 0-100%.

Personal Income Tax

This amount ranges between 10-30% of taxable income. Persons who are non-resident (meaning that they do not have a permanent place of abode in St Lucia) are taxed only on St Lucia source income and foreign income to the extent that it is remitted to St Lucia.


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