construction

VAT Amnesty in 2023 - PM Expects Housing Construction Boost

St Lucia PM Expects Housing and Construction Boost from VAT Amnesty in 2023

In a move aimed at stimulating growth in the housing and construction sectors, St Lucia's Prime Minister, Hon. Philip J. Pierre, has announced a value-added tax (VAT) amnesty on select building materials. The new initiative, set to take effect on August 2, 2023, is expected to fuel expansion in the local construction industry and encourage greater consumer participation. Under the VAT amnesty, the cost...

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