Workplace of the Prime Minister – The general public is reminded to benefit from the continuing tax amnesty programme on penalties, curiosity and fines earlier than the scheduled deadline of Could 1, 2024. As soon as excellent taxes are settled in full earlier than the deadline, eligible taxpayers will profit from a 100% waiver on all relevant prices.
Prime Minister and Minister for Finance, Hon. Philip J. Pierre, in 2022, tabled laws within the Parliament to offer authorized impact to the tax amnesty programme. On the time, curiosity and penalty prices on excellent taxes owed to the Inland Income Division (IRD) amounted to $780 million.
The tax amnesty programme supplies a chance for the personal sector, residents and property homeowners to regularize their tax profiles and keep away from having to incur extra prices.
In 2023, the Prime Minister prolonged the deadline for the tax amnesty programme by one 12 months to Could 1, 2024. Forgoing doubtlessly $780 million in uncollected tax income demonstrates the federal government’s understanding of the financial challenges confronting the personal sector and Saint Lucian households.
The Prime Minister’s tax amnesty programme is a well timed coverage response crafted to alleviate financial pressures on Saint Lucian companies and households confronted by file excessive inflation and instability within the world economic system.
Taxpayers are inspired to go to the IRD within the Heraldine Rock Constructing in Castries or name 1 758-468-4700 for extra info on the tax amnesty programme.
