(1) An owner or operator of a tourism project that has been declared to be an approved development may make an application for tax reliefs and exemptions, other than the tax reliefs and exemptions specified under this Act, for the remainder of the development period.
(2) An application under subsection (1) must —
(a) be in the prescribed form;
(b) specify the tax reliefs or exemptions required;
(c) be accompanied by supporting information;
(d) be submitted to the Minister.
(3) Section 4(2) and (3) applies to this section as it applies to supporting information for an application for an approved development.
(4) Where Cabinet has declared a tourism project to be an approved development under section 11 —
(a) Cabinet may grant tax reliefs and exemptions other than the tax reliefs and exemptions specified under this Act if satisfied that the approved development complies with the laws of Saint Lucia;
(b) the decision of Cabinet must specify —
(i) the other tax reliefs, exemptions and the termination dates of the tax reliefs and exemptions,
(ii) other conditions as it considers necessary.
(5) The Minister shall inform the owner or operator of the approved development in writing of the decision of Cabinet which takes effect on the date of Cabinet's decision.
(6) Where Cabinet grants approval of an application under subsection (4), the Minister shall, by Order published in the Gazette specify —
(a) the other tax reliefs and exemptions granted;
(b) the termination date of each tax relief and exemption; and
(c) the conditions specified by Cabinet under subsection (4)(b)(ii).
(7) Section 12 applies to this section as it applies to section 10.
(Inserted by Act 9 of 2019)