The Income Tax (Amendment) (No. 2) Act, 2023 is now law. As of August 16, 2023, government contracts valued at XCD 10,000 or less will not get taxed.
This means the 10% withholding tax charge on government contracts valued at XCD 10,000 or less has been eliminated.
Small contractors will have additional revenue and increased profitability from government contracts to reinvest, hire and grow their businesses.
The Government of Saint Lucia, led by Prime Minister Hon. Philip J. Pierre, continues to implement people-focused policies that will keep more money in the pockets of the average Saint Lucian.
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