Government of Saint Lucia : More Income Tax Deductions For Residents

St. Lucians can look forward to additional tax deductions in two new areas - hobby farming and community or farm road rehabilitation projects.

The Government of Saint Lucia's proposed amendments to the Income Tax Act, Cap. 15.02 will make it possible for residents of Saint Lucia to qualify for a maximum deduction of five thousand dollars (EC $5,000.00), irrespective of the nature of his or her income, for Hobby Farming and contributions to Community or Farm Road Rehabilitation projects.

To qualify for the deduction for Hobby Farming, a resident is required to obtain a certificate of registration from the Minister responsible for Agriculture, under the Hobby Farmers Tax Relief Incentive Program. This initiative is aimed at revitalizing the subsistence farming sector which is important to Saint Lucia's food security.

To read more,  Government of Saint Lucia : More Income Tax Deductions For Residents

Adapted from 4-Traders