ACT
(Acts 22 of 2016, 10 of 2017, 7 of 2018, 10 of 2021 and Statutory Instrument 105/2017)
Act 22 of 2016 .. in force 29 December 2016
Amended by Act 10 of 2017 .. in force 6 October 2017
Amended by S.I. 105/2017 .. in force 30 October 2017
Amended by Act 7 of 2018 .. in force 12 December 2018
Amended by Act 10 of 2021 .. in force 13 September 2021
ARRANGEMENT OF SECTIONS
PRELIMINARY
| 1. | Short title |
| 2. | Interpretation |
| 3. | Application |
| 4. | Convention to have the force of law |
| 4A. | Inconsistent laws |
PART I
COMPETENT AUTHORITY
| 4B. | Competent Authority |
| 5. | Function of competent authority |
| 5A. | Delegation of functions |
| 5B. | Power to require the production of information |
| 6. | Power to enter premises to obtain information |
| 7. | Secrecy |
| 8. | Immunity from suit |
PART II
RETURN AND DUE DILIGENCE FOR FINANCIAL ACCOUNT INFORMATION
| 9. | Non-Reporting Financial Institution, Excluded Account and Participating Jurisdiction |
| 10. | Return |
| 11. | Communication of confidential information |
| 12. | Amendment and correction to return |
| 13. | Due diligence requirements |
| 14. | Records |
| 15. | Service providers |
PART III
ENFORCEMENT
Civil Penalty
| 16. | Penalty |
| 17. | Liability to penalty |
| 18. | Assessment of penalty |
| 19. | Enforcement of penalty |
| 20. | Right to object to penalty |
| 21. | Procedure on objection to penalty |
| 22. | Notice of appeal |
Criminal penalty
| 23. | Refusal or failure to provide information |
PART IV
MISCELLANEOUS
| 24. | Anti-avoidance |
| 25. | Amendment of Schedule |
| 26. | Regulations |
| Schedule 1 | |
| Schedule 2 | |
AN ACT to make provision for implementing the obligations of Saint Lucia arising under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and for related matters.
Commencement [29 December 2016]