Saint Lucia: Updated CRS guidance

Updates to the common reporting standard regime

Updates to the common reporting standard regime

The Inland Revenue Department of Saint Lucia issued an updated version (v6.0) of the common reporting standard (CRS) guidelines.

The updated CRS guidance added a subsection on countries that offer high risk citizenship by investment and residence by investment programs.

In addition, the updated CRS guidance added questionnaires to the monitoring and auditing section to help monitor reporting activities.

There are other updates to the CRS regime.

Read a June 2022 report [PDF 156 KB] prepared by a KPMG member firm in the Caribbean region

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.