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St. Vincent & The Grenadines

Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 15 April, 2020

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

Financing: Banks and credit unions to offer up to 6-month moratorium on loan and mortgage payments; there will be the pprovision of supplementary income to displaced hotel and other affected workers for up to three months in the first instance; A USD15 million job-creating stimulus package is proposed; a one off support payment will be made to taxi, water taxi and tour operators affected by the cancellation of cruise ships; USD1.5 million for small businesses and cultural workers; USD6 million direct support to farmers and individuals engaged in the fishing sector.
 
Value Added Tax: There is to be No VAT on electricity for domestic, hotel or guest house customers from March 30 – June 30.
 
Social Security: The National Insurance Service will provide a two-month pre-payment of pension benefits to pensioners and USD463,000 in temporary unemployment relief to displaced active registrants; assistance benefits are to be provided for vulnerable citizens including home help for the elderly.