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Fiscal Incentives Act Chapter 15.16.

Country/Territory
Saint Lucia
Document type
Legislation
Date
1974
Source
FAO, FAOLEX
Long title
An Act to give effect to the agreement on harmonization of fiscal incentives to industry.
Subject
Agricultural & rural development
Keyword
Basic legislation Business/industry/corporations Fiscal and market measures Subsidy/incentive
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Abstract

This Act sets forth provisions on local added value, determination of the value of the component imported from a Member country, procedures for the approval of the enterprise and product, import certificate issued to the approved enterprises, restrictions on sale of purchased products, exemptions from income tax, and trade facilitations. The approved enterprises shall register imported and purchased products and these records shall be inspected by the Controller of Customs. An approved enterprise may be granted a benefit under this Act if it is classified as a Group I, Group II or Group III Enterprise. The Cabinet may make regulations for the implementation of the provisions of this Act.

Full text
English