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St Lucia new tax policy now in effect

The St Lucia government has implemented a new tax policy to ease the burden on some households. 

The government says it remains mindful of the impact of global economic pressures on the average household.

Collectively, eligible taxpayers will save EC $14 million every year and will benefit from increased levels of disposable income.

Effective January 1, 2023, those earning up to EC $25,400 annually are not required to pay personal income taxes. Also, employees grossing EC $2,116 monthly, are not subjected to Pay-As-You-Earn (PAYE).



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