Government absorbs VAT on medication

3
Government absorbs VAT on medication

Saint Lucia’s Cabinet has moved to deal with the public cry regarding the imposition of the Value Added Tax (VAT) on medications.

In a statement by the island’s Health Minister Alvina Reynolds, government will now absorb the VAT on drugs and essential medicines imported for use at public health institutions including the St. Jude Hospital.

It was on October 1, 2012 the Value Added Tax Act, No. 7 of 2012 came into effect in Saint Lucia.  As a result, this act requires the application of a VAT rate of 15 percent on medicines which is equivalent to the standard VAT rate.

Minister Reynolds has assured all Saint Lucians that the Ministry of Health remains committed to providing quality, accessible and affordable health care for all.

“We thank you for your support and pledge our continued commitment toward ensuring a healthier nation,” she said.

(0)(0)

No posts to display

3 COMMENTS

  1. For such a small country with lack of employment,I find the 15% tax is too high.It should be lower.But I guess that's what certain ppl wanted...Where's my "En rouge" ppl nowadays? Don't seem to be hearing them neither my "Better days" ppl.The place is quiet nowadays.

    (0)(0)

  2. The actually actually does not say VAT will be removed on medication, it only says VAT will be removed on medication imported for public institutions. What about the medication not available at public institutions which what people were complaining about?

    (0)(0)

Comments are closed.