News

St Lucia to Debate 8 Percent Value Added Tax on Hotel Sector

By: Caribbean Journal Staff - October 22, 2012

By the Caribbean Journal staff

St Lucia’s House of Assembly is meeting this week to debate several major motions, including a proposal from the Minister of Finance to set a Value Added Tax rate of 8 percent on the country’s hotel sector.

The proposal would also include services provided in the tourism industry.

St Lucia Prime Minister Kenny Anthony had said in May that the tax would replace several of St Lucia’s taxes, including consumption tax, hotel accommodation tax and mobile phone taxes, among others.

The VAT levies a standard rate of 15 percent on some goods and services; others, like certain foods items, are exempt.

“The overall rationale for the introduction of a VAT as a general tax on consumption is to broaden the tax base and move towards a system which decreases the tax burden on income in favour of consumption,” Anthony said in May.

The other motion includes a request to borrow EC $154 million ($57 million USD) to refinance existing loans in order to repay a loan of EC $35.7 million for dollars incurred for the purchase of the Daher Mall by the previous administration, the government said.

The debate begins Tuesday morning.

Popular Posts jamaica new hotel montego bay

Looking for a Budget-Friendly Montego Bay Vacation? There's a New Hotel for That  

It’s home to one of the most famous streets in the Caribbean, named after one of Jamaica’s global music icons: Jimmy Cliff Boulevard.  While the heavily-trafficked street has seen its share of ups and downs in recent decades, that’s been […]


At These 13 Resorts, You Can Take the Perfect Adventure-Filled Vacation in Belize

belize blancaneaux

Belize, a Caribbean travel destination full of natural wonders that also happens to have some of the coolest adventure resorts on the planet, from top-flight jungle hotels to luxurious river lodges and just about everything in between, whether you’re seeking […]


Why Ambergris Caye, Belize is the Caribbean Capital of Overwater Bars

belize san pedro ambergris caye

You can hear the ballad from Palapa halfway across Ambergris Caye; for a moment you swear the voice belongs to Dolly Parton herself.  Palapa is the town’s most prominent stage, hosting a revolving door of talented artists for intimate concerts […]


Related Posts the s hotel

2023 Was a Very Strong Year for Caribbean Hotels

Hotel occupancy continues to improve across the Caribbean, according to the latest data from analytics firm STR.  The region’s hotel occupancy finished 2023 at 65.6 percent, up 7.5 percent from 2022, according to the report. In the same period, average […]


American Airlines Is Launching Nonstop Flights to Tulum, Mexico 

the pool at the kimpton in tulum

First it was Delta Air Lines. Then came Spirit Airlines, followed by plans for three new flights on United Airlines.  Now, it’s American Airlines’ turn.  The world’s largest airline is the newest entry to the instantly-competitive market in Tulum, Mexico, […]


Curacao Hotels Keep Filling Up 

the beach at the avila hotel in curacao

Hotels in Curacao continue to see strong growth as the island beats its tourism records, according to new data from the Curacao Hotel and Tourism Association.  Hotel occupancy in Curacao was 72.7 percent in October, 2.7 percentage points higher than […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You