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Saint Lucia Personal Income Tax Amendments from January 2023

17 August 2022

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Approved Changes

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Saint Lucia

Saint Lucia is reportedly revising the personal income tax brackets and rates as follows with effect from 1 January 2023, including a reduction in the number of brackets from four to three: up to XCD 15,000 - 15% XCD 15,001 to 30,000 - 20% over XCD 30,000 - 30% In addition to the bracket/rates changes, two other important changes will also be made from 1 January 2023, including an increase in the annual personal income tax allowance from XCD 18,000 to XCD 25,000 and an exemption from personal income tax on the income of workers up to XCD 25,000 per...