(1) The assessable income of a taxpayer is—
(a) where the taxpayer is a resident, subject to subsection (2) and subsection (3), all amounts ascertained in accordance with Part 5, accrued directly or indirectly from all sources whether in or out of Saint Lucia; and (Amended by Act 12 of 2018)
(b) where the taxpayer is a non-resident, subject to section 7(5) all amounts ascertained in accordance with Part 5, accrued directly or indirectly from all sources in Saint Lucia,
which are not exempt from tax. (Amended by Act 12 of 2017)
(2) Where an individual is a resident but is not ordinarily resident, his or her assessable income shall include income accrued from sources out of Saint Lucia but only to the extent that such income is received in Saint Lucia.
(3) Where a company is a resident, the assessable income of that company shall not include income accrued from a source outside Saint Lucia in accordance with section 10A. (Inserted by Act 12 of 2018)