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Saint Lucia
Individual - Other taxes
Last reviewed - 28 August 2024Social security contributions
The individual's share of National Insurance Corporation (NIC) contributions (for retirement, sickness, and disability benefits) is 5% of gross salary, up to a maximum contribution of XCD 250 per month (i.e. on a monthly salary of XCD 5,000). The employer matches the contribution and files monthly returns.
Value-added tax (VAT)
The standard VAT rate is 12.5%. There is also a 0% rate charged on certain goods and services. In respect of the hotel sector and related services, a reduced rate of 10% applies.
See the Other taxes section in the Corporate tax summary for more information.
Net wealth/worth taxes
There are no net wealth/worth taxes in Saint Lucia.
Inheritance, estate, and gift taxes
There are no inheritance, estate, or gift taxes in Saint Lucia.
Residential property tax
The property tax rate for residential property is 0.25% of the open market value.
Excise taxes
Excise taxes are imposed on four main categories of goods manufactured or imported into Saint Lucia, namely fuel, liquor, beer, and cigarettes. Most excisable goods are subject to tax at a specific rate.
The excise tax on fuel applies when the fuel is imported by a wholesaler. Tax is included on the price of fuel paid at the gas pump. The tax rate formula is based on the current price provided by the supplier and regulated price at the gas pump.
Stamp tax
Stamp tax is charged on any document that evidences a legal or contractual relationship between two or more parties. Additionally, many types of commercial and legal documents must be stamped as evidence of the payment of taxes. Stamp tax may be charged at a fixed rate or at an ad valorem rate, depending, for example, on the value of the property being transferred.
| Instrument | Stamp duty rate | ||
| Conveyance or sale of immovable property (resident or non-resident purchaser) | 2% | ||
| Conveyance or sale of immovable property: | |||
| Non-resident vendor | 10% | ||
| Resident vendor: | |||
| XCD 50,000 to XCD 75,000 | 2.5% | ||
| XCD 75,0001 to XCD 150,000 | 3.5% | ||
| XCD 150,001 and over | 5% | ||
| Conveyance or sale of debenture, stock, debt, or shares where less than 75% of assets comprise immovable property | Greater of 0.5% of net assets of company or XCD10 | ||
| Conveyance or sale of debenture, stock, debt, or shares where more than 75% of assets comprise immovable property: | |||
| Non-resident vendor | 10% | ||
| Resident vendor: | |||
| XCD 50,000 to XCD 75,000 | 2.5% | ||
| XCD 75,001 to XCD 150,000 | 3.5% | ||
| XCD 150,001 and over | 5% |
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