(1) The amount of tax shall be calculated in accordance with this Act at the rate of 12.5% of the value of taxable goods or services imported into Saint Lucia or of the value of taxable supplies of goods or services except in the case of a supply that is zero rated. (Amended by S.I. 101/2016)
(2) Notwithstanding subsection (1) the Minister may, by Order, specify the rate of tax for goods and services provided by hotels and other providers in the tourism sector. (Substituted by Act 10 of 2012)
(3) The Minister may, by Order, vary the rates specified in subsections (1) and (2).
(4) An Order made under this section is subject to the affirmative resolution of Parliament.
(5) For the purposes of this section, “hotel” means a building or group of buildings in the State occupied together comprising not less than five bedrooms for the purpose of providing hotel accommodation for reward.