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St. Lucia: Tax proposals in 2019 / 2020 budget
St. Lucia: Tax proposals in 2019 / 2020 budget
The prime minister of St. Lucia in April 2019 presented the budget for fiscal year 2019 / 2020 to parliament.
Among the tax measures included in the budget are the following items:
- Individual (personal) income tax: Reform to the individual income tax regime to reallocate some of the current tax burden from lower income earners to higher income earners—an increase in the personal tax allowance; a reduction of the four brackets to three tax brackets; and a reduction in the number of allowable deductions.
- Accommodation fee: Consultation is to begin on a regime for accommodation fees for the tourism sector.
- House and land tax: A regime for the implementation of the house and land tax, planned to be effective January 2020, following a three year moratorium from 2017 to 2019.
Read a 2019 report [PDF 5 MB] prepared by the KPMG member firm in the Caribbean
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