Saint Lucia is reportedly revising the personal income tax brackets and rates as follows with effect from 1 January 2023, including a reduction in the number of brackets from four to three:
- up to XCD 15,000 - 15%
- XCD 15,001 to 30,000 - 20%
- over XCD 30,000 - 30%
In addition to the bracket/rates changes, two other important changes will also be made from 1 January 2023, including an increase in the annual personal income tax allowance from XCD 18,000 to XCD 25,000 and an exemption from perso…