What you need to know about St Lucia Tax System
Well-known for their Taxation Systems, Caribbean Countries provide plenty of benefits for their nationals and businesses. And St Lucia Citizenship program is not an exemption. For example, in Saint Lucia, both persons and registered companies are subject to personal and corporate income tax, but Saint Lucia’s tax regime claims no tax on wealth and inheritance which is beneficial for high net-worth individuals and their families. Read about St. Lucia Tax System below. Is there any Income tax for companies in Saint Lucia? All companies in Saint Lucia are taxed at a flat rate of 30%. But on the other side, companies that are considered non-resident, are liable for corporate tax on local income and interest and are taxable at a flat rate of 25% withholding tax. Also, a withholding tax rate of 15% applies to interest. In Saint Lucia, companies are not subject to capital gains tax. Is there any personal income tax in Saint Lucia? Any individual residing in St. Lucia as...