CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. St Lucia Planning Further Tax Cuts



St Lucia Planning Further Tax Cuts

by Mike Godfrey, Tax-News.com, Washington

16 February 2017

The International Monetary Fund (IMF) has warned Saint Lucia of the impact of recent tax reforms, which it says may impact tourist numbers and dent economic growth.

The IMF welcomed the new administration's plans to lower the tax burden, enhance the efficiency of the tax system, and cut tax compliance costs. However, the IMF said that the decision to cut the value-added tax rate to 12.5 percent from 15 percent from February 1 makes the territory vulnerable to fiscal shocks, and the new airport tax may impact visitor numbers.

In its annual report for the territory, the IMF said the territory should focus on lowering barriers to international trade and broadening the tax base.

TAGS: compliance | tax | tax compliance | Saint Lucia | tax reform

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »