Posted On Saturday, May 28, 2016 - 11:51am
Hon. Emma Hippolyte, Minister for Commerce, Business Development, Investment and Consumer Affairs, announced plans today to increase the personal Income Tax allowance from $18,000.00 to $30,000 for all St Lucians. By increasing the personal allowance by $12,000.00, an additional 3,500 persons will no longer pay Income Tax or be required to file a return.
From May 1, 2011, all Saint Lucians and persons travelling to and from Saint Lucia are compelled to pay to the Government of Saint Lucia, acting on behalf of SLASPA, U.S. $35.00 or E.C. $94.50 as a so-called airport development tax to meet the cost of financing the re-development of Hewannorra Airport. The money raised from this tax is to be placed in a special account for the benefit of those who invest in financing the airport. This new tax does not exempt children. Every child who travels to and from Saint Lucia will be required to pay this tax.