The Government of Saint Lucia has secured $20 million to facilitate the payment of outstanding tax refunds dating back to financial year 2015.
The Inland Revenue Department (IRD) has received the funding for onward disbursement to eligible recipients commencing December 2023 and up to the end of the financial year in March 2024.
The IRD is expected to payout nearly $10 million during the month of December 2023. The remaining $10 million will be disbursed by the IRD during the first quarter of 2024.
It is anticipated that by the end of March 2024, approximately $40 million in tax refunds will have been paid out to Saint Lucian taxpayers since July 2021.
The government’s $20 million injection will accelerate the tax refund process and ensure thousands of Saint Lucians receive their outstanding tax refunds. This intervention is timely as it puts money back in the pockets of thousands of Saint Lucians for the holiday season and beyond!
Please see the attached infographic for reference. The Office of the Prime Minister would be grateful for its inclusion in your media programmes. Thank you for your continuing cooperation with OPM Saint Lucia.