Understanding corporate income tax and other business taxes in Saint Lucia is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, such as VAT, withholding tax, customs duties, property tax, and license fees. It is advisable to consult with a tax professional or refer to the official website of the Saint Lucia Inland Revenue Department for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with the tax laws of Saint Lucia and contribute to the growth and development of the country's economy.
Saint Lucia imposes a corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in Saint Lucia is progressive, based on the level of taxable income. As of the knowledge cutoff date in September 2021, the tax rates range from 15% to 30%.
For up-to-date and detailed information on business taxes in Saint Lucia, it is recommended to visit the official website of the Inland Revenue Department.
Saint Lucia Inland Revenue Department Website: Official Saint Lucia Inland Revenue Department Website