113. Tax concessions
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(1) Where an international business company, or a registered agent or trustee licensed under the Registered Agent and Trustee Licensing Act requires the services of specially qualified persons in order to carry out its business effectively from within Saint Lucia and—
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(a) it is unable to acquire those services in Saint Lucia; and
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(b) it is unable to retain those services from outside Saint Lucia without special tax concessions,
Cabinet may by order published in the Gazette grant a special tax concession in respect of those specially qualified persons.
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(2) The special tax concession referred to in subsection (1) is one that allows a prescribed percentage of an employee's or contractor's salary or fees—
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(a) to be exempt from income tax in Saint Lucia;
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(b) to be paid in a foreign currency in a trust account without being liable to income tax in Saint Lucia as to the amount paid or any interest earned thereon; or
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(c) to be paid in some other prescribed manner in another currency or otherwise without being liable to income tax in Saint Lucia,
despite any provision of the Income Tax Act or the Exchange Control Act.