St. Lucia to Introduce VATAugust 2012
St. Lucia which is located in the eastern Caribbean sea is going to introduce VAT reporting starting October 1, 2012.
The standard VAT rate will be 15% with a reduced 8% rate for hotel services.
Some basic foods will be exempt from VAT.
The threshold for VAT registration is an annual turnover exceeding XCD (East Caribbean Dollar) 180,000.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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