St. Lucia businesses call on government for VAT reduction

CARIBBEAN 360

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CASTRIES, St. Lucia, Tuesday September 24, 2013 CMC – The St. Lucia Employers Federation (SLEF) is calling on the government to lower the near one-year old Value Added Tax (VAT) so as to provide “some breathing space” to local business in the face of job losses and business closures.

“This reduction will provide members some breathing space as the slowdown in the economy continues to bite deep into their cash flows,” said SLEF executive director Joseph Alexander.

The private sector group wants the VAT reduce from 15 to 10 per cent and Alexander is also contending that should the government decide against collecting the 15 per cent VAT up front from businesses and collect the tax after they have sold their goods, employers would have the breathing space needed in the current economic downturn.

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6 comments

  1. As much as you and I and all of us HATE VAT and its effects. The sad reality is, which is Government is not telling us, if they reduce or remove VAT, then big brother IMF will move in. We have no choice but to keep it at 15%, and both the SLP and UWP administrations know this. Why do you think the opposition is no longer crying for a total removal or reduction of VAT - and only crying for a removal of VAT on medication. If UWP was in power, they would have no choice but to implement it either. St. Lucia is not barred from the global economic crisis, sorry to say some of our family businesses will close up shop, families will suffer, but we will rise again! No politician can stop the global economic tide. Everything goes through evolution.

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  2. I had already predicted that VAT was going to harm small businesses since less money in the hands of consumers would cripple certain businesses. All businesses are not essential therefore consumers would boycott that which is not essential for their life. The point however must be sent that Government must do what they are supossed to do like getting investors to the country and cutting down on political spending. VAT money cannot be wasted on welfare programs such as step. Send the people to work on farms etc so we can realize real value

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  3. kenny just scrap the vat...vat is not for st.lucia...

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  4. small business owner

    Wish the government would listen to our cry. The vat on the rent plus the additional cost of on my raw materials is just killing me. I currently employ 12 people i am seriously considering closing down end of the year. I have tried all kinds of jimmy flicks but can no longer keep my head above water. Too stressful, my husband and 2 kids will be packing up and moving to the USA.

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  5. NOW ALONE,WHERE WERE THE ST LUCIAN BUSINESS THEY WERE SLEEPING AND ALSO DRANK MO MO TABLETS.NOW IS TOO LATE NOT KENNY.REDUCE NO WAY NOT KENNY.

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  6. This is a very real fact and if nothing is done to address this concern we are in deep doo doo. Business continue to grapple with the negative effects of the imposition of VAT at such a vulnerable time. All businesses are feeling the pinch the only difference is that it is on different scales. If the government wants to continue to collect any revenue from these businesses i strongly suggest a reduction in the rate or we will see more people gong crazy on the streets.

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