|
Watch Govt TV Live by
clicking here
Vat Rate in Saint Lucia will be at 15% from Sept One this year
and Hotel Rate will stay at 8% till April 30 next year.
Prime Minister Dr. Kenny
Anthony has announced the bundle of VAT policies
approved by the Government. During Tuesday
evening’s budget presentation he said the Value
Added Tax would replace a number of existing
taxes including consumption tax, hotel
accommodation tax, car rental fees, cell phone
taxes and environmental protection levy.
He said a standard VAT rate
of 15% at a rate of 0% will be charged on
certain goods and service.
According
to the Prime Minister " I now wish to address the bundle of VAT policies
that have been approved by the
government. These
are as follows:
1. VAT will
replace consumption tax, hotel accommodation tax, motor vehicle rental
fee,
mobile cellular
telephone tax and the environmental protection levy;
2. A standard VAT
rate of 15 percent and a rate of zero percent will be charged on certain
goods and
services. However, in respect of the hotel sector and related services,
a
reduced rate of 8%
will apply until April 30, 2013. Between September 1, 2012 and April
30, 2013, the
impact on the sector will be assessed and a final determination will be
made on the rate
to be applied beyond March 31, 2013;
3. A threshold for
registered tax payers of $180,000.00 per annum will be established. This
means that it is
not mandatory for businesses earning less than $180,000 per annum to
register for VAT.
The threshold is based on the annual sales turn-over of the tax payer;
4. A VAT rate of
zero percent will be legislated on certain supplies. Some of these
supplies
include, but are
not limited to:
(a) Goods to be
exported;
(b) Goods for sale
at duty-free shops;
(c) Fuel;
(d) Fresh eggs;
(e) Uncooked
pasta;
(f) Water; and
(g) Electricity.
5. The following
goods and services will be exempted from payment of VAT, but this list
is
not exhaustive:
(a) Domestic
residential rental;
(b) Educational
services;
(c) Financial
services;
(d) Insurance
services;
(e) Medical
services;
(f) Religious
services;
(g) Local
transportation services;
(h) Postal
services;
(i) Certain
agricultural inputs; and
(j) Certain food
items, for example:
i. Chicken,
ii. Certain types
of fresh or chilled fish,
iii. Milk,
iv. Butter,
v. Potato,
vi. Certain types
of fresh or chilled vegetables,
vii. Certain types
of peas and beans,
viii. Certain
types of fresh fruit,
ix. Rice,
x. Flour,
xi. Cane sugar,
xii. Certain types
of preparations for infants,
xiii. Unsweetened
biscuits,
xiv. Bread, and
xv. Table salt.
6. While the
standard VAT rate of 15% will be charged on medical supplies, the
Government has
secured CARICOM’s approval to remove the import duty on medical
supplies. This
will mitigate the impact of VAT on consumers."
Join
us and the NTN for the debate LIVE at 10 a.m on the 10 and the 11th by
clicking
here
Today is Budget Day in Saint Lucia. Watch the debate LIVE byclicking
here
Tue
08 May 2012.------Saint
Lucia's Prime
Minister
Dr. Kenny Anthony will
today at 5.p.m. local
time present his 2012 to
2013 budget to Saint
Lucians you can join us
LIVE, together with the
Government Information
Service for the address
by
clicking here
and on the 10th an
11th of this month from
10 a. .m for the debate
LAND FOR SALE
Approximately Six point Two (6.2) Acres of land identified as Block and
Parcel No 0425B 90, located at Robolt, in the Quarter of Choiseul. For
more Information on the sale price , kindly contact Mr. Jeffrey
Calderon at jamest@candw.lc
or telephone No Saint Lucia (758) 452-5672.
----------------------------------------------------------------
WATCH SPORTS EVENTS FROM SAINT LUCIA AND THE REGION BY
CLICKING HERE.
Classifieds
Looking for the latest in
Streetwear, Sneakers and Mixtape? then go to
www.plus2style.com
Also, for
LIVE RNB music click here.
If you are coming
to Saint Lucia , click here to book your hotel .
NB: We are offering to you
our new "Lucian Newsletter". To receive it, just enter your email
address in the box on the 'Join the Lucian newsletter mailing list'
located on the left side of this page. Thanks.
If you are coming
to Saint Lucia, click here to book your hotel and to obtain
information .
|
Live Radio in Saint Lucia
H E A D L I N E S 
