St. Lucia

Paying Taxes in

St. Lucia

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in December 2012.

Compare St. Lucia to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 11 30% taxable profit 25.8
Employer paid - Social security contributions 12 51 5% gross salaries 5.6
Property transfer tax (stamp duty) 1 4% sale price 2.5
Property tax 1 0.4% property value 0.6
Vehicle tax 1 size or capacity of vehicle 0.1
Fuel tax 1 included in fuel price 0
Tax on insurance contracts 1 3% insurance premium 0
Tax on check transactions 1 30 cents per check 0
VAT 12 34 0%, 8%, 15% Value of Goods or Services unless exempted ..
Stamp duty on contracts 1 varies type of contract .. small amount
Totals: 32 97 34.6

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