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 2013 (January 1, 2013 – December 31, 2013).

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 25.82
Employer paid - Social security contributions 12 51 5% gross salaries 5.64
Property transfer tax (stamp duty) 1 4.325% sale price 2.62
Property tax 1 0.4% property value 0.55
Vehicle tax 1 size or capacity of vehicle 0.06
Tax on insurance contracts 1 3% insurance premium 0.03
Tax on check transactions 1 30 cents per check 0.01
Fuel tax 1 included in fuel price 0.00
Stamp duty on contracts 1 varies type of contract 0.00 small amount
VAT 12 48 0%, 8% or 15% Value of Goods or Services unless exempted 0.00
Employee paid - Social security contributions 0 paid jointly 5% gross salaries 0.00 withheld
Totals: 32.0 110.0 34.7

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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