(1) Where the funds to be used for a cricket world cup accommodation product are wholly or in part sourced from a financial institution in Saint Lucia or in another CARICOM country, a percentage of the quantum of the investment of the financial institution in the cricket world cup accommodation product shall, subject to subsection (2), be exempt in calculating the liability to tax of the financial institution.
(2) The exemption for a financial institution under subsection (1) shall be determined in accordance with Schedule 1.