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INLAND REVENUE DEPARTMENT St. Lucia MINISTRY OF FINANCE ALLOWANCES & DEDUCTIONS FOR INDIVIDUALS Page 2 Allowances & Deductions In our continued aim to ensure that our Tax Returns are user.

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The UK spider's web consists of the following British Overseas Territories and Crown Dependencies: Cayman Islands, British Virgin Islands, Guernsey, Jersey, Gibraltar, Bermuda, Isle of Man, Anguilla, Turks and Caicos Islands and Montserrat.

Value-added tax (VAT) The standard VAT rate is 12.5%. There is also a 0% rate charged on certain goods and services. In respect of the hotel sector and related services, a reduced rate of 7% is applicable from 1 December 2020.

Lucia. There is no capital gains tax, nor is there land tax on property smaller than 10 acres. Property tax is 5% of the annual rental value of the residential property, Mr. Plaskett said, adding that a 2% stamp duty is levied on the market value of the property when it's sold.

Residents of Saint Lucia pay a tax on global income and profits derived from domestic activities. Individuals who are not residents of Saint Lucia pay taxes only on income received from local sources. There is a progressive PIT scale: up to 10,000 East Caribbean Dollars (XCD) 10%;

Resident companies are taxed on gains or profits accrued directly or indirectly from all sources in Saint Lucia and are subject to tax at a flat rate of 30%.

The Inland Revenue was first established in the United Kingdom in 1849 and merged with Her Majesty's (HM) Customs and Excise to form HM Revenue and Customs (HMRC) in 2005.

Lucia is a tax haven that offers a wide range of offshore banking and financial products and services. St. ... Lucia's financial system has never been blacklisted and has escaped international scrutiny and foreign governmental pressure to disclose details of its offshore financial operations.

There are no net wealth and inheritance taxes in Saint Lucia. ... Certain goods and services are tax-exempt. Regarding corporate taxation, domestic companies in Saint Lucia are subject to tax on their profits, whether accrued within or outside the country. The Corporate Income tax rate is 30%.

What Is a Tax Haven? The Cayman Islands. Panama. The Bahamas. The British Virgin Islands. Dominica. Nevis. Anguilla.

Places like St. Kitts & Nevis as well as Vanuatu and Cayman Islands are a few of such places. These countries are able to attract huge amounts of foreign investment because they have tax-friendly legislation without needing to charge direct income taxes.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232