The Government of Saint Lucia has spearheaded several tax relief measures including tax amnesties, and a 2.5 percent reduction in Value Added Tax that will commence in February 2017; while a review process of Saint Lucia’s tax system is ongoing with the intent to implement less onerous taxes and improve the efficiency of the system.
This was the focus of Minister in the Ministry of Finance, Sen. Hon. Dr. Ubaldus Raymond’s address, on Wednesday November 16th to the annual general meeting (AGM) of the...View More
The Government of Saint Lucia is reviewing the country's tax system with a particular focus on value added tax (VAT).
The review will ensure the formulation of an effective tax structure for the island’s economic and fiscal viability.
This commitment was made by Minister in the Ministry of Finance, Sen. Hon. Dr. Ubaldus Raymond, during Tuesday’s Senate sitting. The minister indicated that the reduction in the standard rate of VAT from 15 to 12.5 percent—effective Feb. 1, 2017—is part of government's...View More
The OECS Commission celebrates the entry into force of the historic Paris Climate Change Agreement.
On Oct. 5, the threshold for entry into force of the Paris Agreement was achieved with 86 of 197 parties having ratified.
Parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement at the 21st session of the Conference of the Parties held in Paris, France, in December 2015.
Stipulations state that the agreement shall enter into force on the thirtieth day...View More
The tourism sector in the Caribbean is expected to continue to grow.
That word has come from the Caribbean Hotel and Tourism Association (CHTA’s) director general and chief executive officer Frank J Comito.
While admitting that the sector was facing some challenges, he said it was still poised to continue on a path of growth.
“This year has been a mixed bag. But our stopover arrivals are on pace to top a record 30 million in 2016. Twenty-one destinations out of 32 are up [increase in arrivals] for...View More
The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs this week hosted a Finance and Equity Symposium tailored to Micro, Small and Medium Enterprises (MSMEs).
The symposium served as an opportunity to enlighten business owners and aspiring entrepreneurs on the available equity and financing options. It also served as an avenue for networking in the hopes of fostering better understanding among all parties, thereby increasing the opportunity to access...View More
The Fourteenth Caribbean Week of Agriculture (CWA) is being held in the Cayman Islands from 24th - 28th October, 2016 under the theme "Investing in Food and Agriculture".
The Caribbean Agribusiness Association (CABA), the ACP-EU Technical Centre for Agricultural and Rural Cooperation (CTA), the Inter-American Institute for Cooperation on Agriculture (IICA) and the Food and Agricultural Organisation (FAO), in collaboration with key partners in the Caribbean region, are promoting agribusiness in the...View More
'A Unique Buying Opportunity'
The Saint Lucia Trade Export Promotion Agency (TEPA) and the Organization of Eastern Caribbean States (OECS) Commission, are spearheading the planning and execution of Specialty Caribbean Expo.
TEPA is the Saint Lucia Government's National Trade Export and Promotion Agency, and the organization mandated to lead the island's national export development effort. The overall objective of the agency is to increase aggregate volume and value of exports from Saint Lucia.
Saint Lucia's Minister for Energy, Infrastructure, Ports and Labour, Hon. Stephenson King, represented the island at the inaugural Sustainable Energy Conference organized jointly by the European Union and the Caribbean Forum (CARIFORUM).
Participants at the October 10th -11th event held at the Lloyd Erskine Sandiford Convention Center in Barbados, witnessed the signing of a "Joint Declaration between the European Union and the CARIFORUM on reinforced cooperation in the field of sustainable energy" as...
Invest Saint Lucia was represented by its CEO at the just ended World Association of Investment Promotion Agencies (WAIPA) World Investment Conference (#WIC16) on Sustainable FDI held in Istanbul, Turkey. This annual meeting, which is into its 21st year, brought together Investment Promotion Agencies (IPAs) from a vast number of countries; other government officials, development sector leaders, private sector representatives and academics relevant to Foreign Direct Investment (FDI) policy and...View More
The Council of Ministers of the Eastern Caribbean Telecommunications Authority (ECTEL) concluded its 34th regular meeting in Saint Lucia on October 14th with the Council approving new regulations aimed at enhancing the environment for competition in the telecommunications sector in ECTEL member states.
The new regulations address consumer protection, which among other provisions, guard against unfair restrictions on consumer choices in services; submarine cable regulations, which set out conditions for...View More