Revised Laws of Saint Lucia (2023)

• 1.   Short title and application

• 3.   Comptroller of Inland Revenue

• 4.   Delegation by Comptroller

• 5.   Indemnity against liability for acts done

• 6.   Secrecy

• 7.   Charge to tax: general

• 9.   Income accrued: meaning of

• 10.   Income deemed to have accrued from sources in Saint Lucia

• 11.   Basis of assessment

• 12.   Persons chargeable: general

• 13.   Married women

• 14.   Minor children: dispositions to

• 15.   Settlements and wills

• 16.   Revocable dispositions

• 17.   Deceased persons

• 18.   Estates of deceased persons

• 19.   Incapacitated persons

• 20.   Insolvent persons

• 21.   Partnerships

• 22.   Non-resident persons

• 23.   Transactions involving liability to tax

• 24.   Responsibility of representative taxpayers

• 26.   Exemption: hotels

• 27.   Exemption: income from residential accommodation

• 28.   Exemption: interest from housing mortgages

• 30.   Comptroller may require Company to keep special account

• 31.   Exemption: approved enterprises for fiscal incentive relief

• 35.   Loans or advances by a controlled company to a shareholder, director or higher paid employee

• 36.   Rental income

• 37.   Deductions allowable : general

• 39.   Restrictions on deductions: management charges and certain payments by controlled companies to shareholder

• 40.   Capital allowance

• 41.   Deduction for losses

• 41A.   Interpretation in respect of sections 41B to 41J

• 41B.   Determination of subsidiary company

• 41D.   Companies joining group

• 41E.   Relief obtainable once for the same amount

• 41F.   Aggregate of claim

• 41G.   Capital Allowances

• 41H.   Tax recovery

• 41I.   Exempt companies

• 41J.   Profits and losses and distribution or charge on income vis-a-vis group relief

• 41K.   Exemption from stamp duty

• 42.   Deductions not allowable under more than one provision

• 45.   Personal allowance to individuals

• 46.   Allowance for spouse

• 47.   Deduction for maintenance or alimony

• 48.   Deduction for maintenance of children

• 49.   Deduction for education of certain children

• 50.   Deduction for higher education

• 51.   Allowance for housekeeper

• 52.   Allowance for dependent relative

• 53.   Deduction for contributions to life assurance, or other retirement benefits

• 55.   Deduction for gifts for certain approved purposes

• 56.   Deduction for medical expenses

• 57.   Deductions for payments to co-operative or building society

• 59.   Deductions for purchase of new shares in a Resident Public Company

• 59A.   Deduction for hobby farming

• 59B.   Deduction for community road rehabilitation works project

• 60.   International agreement for the avoidance of double taxation

• 61.   General insurance companies and associations of underwriters

• 62.   Life assurance companies

• 63.   Approved pension funds

• 64.   Deductions dependent on place where fund established

• 65.   Interpretation of this Part

• 66.   Applications for registration

• 67.   Conditions subject to which registration may be granted

• 68.   Permitted provisions in annuity contracts

• 69.   Registration

• 70.   Change in annuity contracts

• 71.   Withdrawal of registration

• 72.   Comptroller to be notified of payments under annuity contract and to be provided with returns

• 73.   Allowable deductions

• 74.   Deductions for payments to a RHOS plan

• 77.   Deduction of tax by employers

• 79.   Indemnification for tax paid to Comptroller

• 80.   Rates of tax

• 81.   Credit for tax deducted or paid

• 82.   Credit for tax paid outside Saint Lucia

• 83.   Calculation of tax credit for foreign tax

• 85.   Returns of income: cessation of income during any year of income

• 87.   Further return or information, production of books and giving of evidence to Comptroller

• 88.   Examination of business records

• 89.   Powers of entry

• 91.   Submission of accounts with return of income and certificate relating to preparation of accounts

• 92.   Principal officer of company

• 93.   Precedent partner of partnership

• 94.   Returns deemed to be furnished by due authority and in full knowledge of contents

• 95.   Returns: method of furnishing

• 96.   Returns: extensions of time for furnishing

• 98.   Additional assessment

• 99.   Transactions designed to avoid liability to tax

• 100.   Reduced assessments

• 101.   Determination of assessed loss

• 102.   Time limits for assessments

• 103.   Notice of assessment

• 104.   Record of assessment

• 105.   Finality of assessment

• 106.   Objection to assessment

• 107.   Decision by Comptroller on objection

• 108.   Appeal Commissioners

• 109.   Appeal from decision by Comptroller

• 110.   Hearing by Appeal Commissioner

• 111.   Right of further appeal

• 112.   Payment of tax suspended by objection or appeal

• 113.   Advance payment of tax

• 114.   When tax is due and payable

• 115.   Interest on unpaid tax

• 116.   When tax deducted from remuneration, payments to contractors or payments to non-residents is due and payable

• 117.   Interest on unpaid tax deductions

• 118.   Recovery of tax by court action

• 119.   Recovery of tax by distraint

• 120.   Obstruction of officers

• 121.   Recovery of tax as privileged debt by registration as judgement debt

• 122.   Recovery of moneys from persons leaving Saint Lucia

• 123.   Recovery of tax from assets of certain dispositions

• 125.   Right of representative tax payer to indemnity

• 126.   Personal liability of representative taxpayers

• 128.   Priority of tax debt upon bankruptcy or liquidation

• 129.   Refund of tax overpaid

• 130.   Remission of tax

• 131.   Penalties: general

• 132.   Penalties: failure to furnish return of income

• 133.   Penalties: failure to furnish correct return of income

• 134.   Penalties: failure to pay tax by due date

• 136.   Penalties: failure to comply with notice to give information, produce documents or give evidence to Comptroller

• 137.   Notice of intention to impose penalty to be given

• 138.   Sanction for prosecution

• 139.   Offences: breach of secrecy

• 140.   Offences: failure to comply with requirements of the Act

• 141.   Offences: intent to evade liability to tax

• 142.   Offences: deduction of withholding tax and tax from payments to contractors

• 143.   Offences: by employers or employees

• 144.   Offences: evasion of tax in relation to deduction of tax by employer

• 145.   Aiding or abetting an offence

• 146.   Mitigation of penalties and compounding of offences

• 147.   Time limits for proceedings to be taken

• 148.   Forms of notices and returns

• 149.   Service of notices or documents

• 150.   Change of address for service of notice

• 151.   Regulations

• 152.   Amendment of Schedules and rates specified in the Act

• 153.   Saving

• Schedule 2

• Schedule 8

• 2.   Interpretation

• 8.   Scope of charge to tax

• 10.   Income deemed to have accrued from sources whether in or outside Saint Lucia

• 29.   Exemption: interest paid on approved borrowings by mortgage companies

• 32.   Assessable income: general

• 33.   Business income

• 34.   Employment income

• 41C.   Claim for group relief

• 76.   Deduction of tax from payments made to non-resident

• 10A.   Income deemed to have accrued from a source outside Saint Lucia

• 84.   Returns of income: general

• 97.   Assessments

• 127.   Recovery of tax from persons holding money for another person

• 86.   Returns of income: where no return furnished

• 90.   Maintenance of proper records of transactions, methods of accounting and preservation of books of account and records

• Schedule 1

• Schedule 3

• Schedule 4

• 75.   Tax Credit in respect of Foreign Currency from Income Year 2001 onwards

• 75A.   Employee retention tax credit

• 75C.   Application for an employee retention tax credit

• 75D.   Application period for an employee retention tax credit

• Schedule 9

• 75E.   Approval of an application for an employee retention tax credit

• 75F.   Refusal of an application for an employee retention tax credit

• 124.   Recovery of tax from representative taxpayer

• 135.   Penalties: failure to deduct tax or account for tax deducted

• Schedule 7

• 43.   Expenditure for which no deduction allowable

• 54.   Deduction for mortgage interest, rates and insurance on owner occupied property

• 58.   Deduction for interest on student loan

• 25.   Exemptions

• 75B.   Eligibility for employee retention tax credit

• 38.   Deductions allowable : specific

• 44.   Concessional deductions: General

• 59C.   Deduction for the purchase and installation of photovoltaic systems

• 78.   Deduction of tax from payments to contractors

• Schedule 5

• Schedule 6