Revised Laws of Saint Lucia (2023)

• 1.   Short Title

• 2.   Interpretation

• 3.   Computation of local value added

• 4.   Value of imported raw material to determine value of component

• 5.   Approved product

• 6.   Order declaring approved enterprise

• 7.   Licence to import

• 8.   Record and inspection of articles

• 9.   Restriction on sale or other disposal of articles

• 10.   Benefits may be granted to certain enterprises

• 11.   Benefits for enterprise engaged in highly captial intensive industry

• 12.   Exemption from income tax

• 13.   Computation

• 14.   Deduction for capital expenditure

• 15.   Losses may be carried forwarded for the purpose of set-off

• 16.   Export allowance may be granted

• 17.   Power of Cabinet in the event of delay in commencement of construction or manufacture

• 18.   Restriction on use of factory

• 19.   Performance of enterprise to be appraised

• 20.   Dividends

• 21.   Interest not to be exempted from income tax

• 22.   Transfer of status of approved enterprise

• 23.   Effect of change of corporate name

• 24.   Development status not to be conferred

• 25.   Regulations

• 26.   Retrospective effect

• Schedule 1

• Schedule 2

• Schedule 3

• Schedule 4

• 5.   Approved product or service

• 6.   Declaration of approved enterprise

• 11.   Benefits for enterprise engaged in highly capITal intensive industry

• 12A.   Exemption from customs duty and excise tax

• 24A.   Amendment of Schedules

• Schedule 1A

• Schedule 5