2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

6.   Tax Credit Notes and Tax Debit Notes

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    (1)   A tax credit note required by section 35(1) of the Act must contain at least the following particulars:

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      (a)     the name, address and taxpayer identification number of the registered person making the supply;

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      (b)     the name, address and taxpayer identification number of the recipient of the supply;

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      (c)     the value of the supply shown on the invoice, the correct amount of the value of the supply, the difference between those 2 amounts and the tax charged that relates to the difference; (Substituted by S.I. 8/2014)

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      (d)     the words “Tax Credit Note” in a prominent place;

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      (e)     the date on which the tax credit note was issued;

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      (f)     a brief explanation as to why the tax credit note is being issued; and

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      (g)     information sufficient to identify the taxable supply to which the tax credit note relates.

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    (2)   A tax debit note required by section 35(3) of the Act must contain at least the following particulars:

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      (a)     the name, address and taxpayer identification number of the registered person making the supply;

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      (b)     the name, address and taxpayer identification number of the recipient of the supply;

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      (c)     the value of the supply shown on the invoice, the correct amount of the value of the supply, the difference between those 2 amounts and the tax charged that relates to the difference; (Substituted by S.I. 8/2014)

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      (d)     the words “Tax Debit Note” in a prominent place;

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      (e)     the date on which the tax debit note was issued;

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      (f)     a brief explanation as to why the tax debit note is being issued; and

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      (g)     information sufficient to identify the taxable supply to which the tax debit note relates.