Castries, Saint Lucia \u2014 In a decisive move aimed at alleviating the rising cost of living, Prime Minister Hon. Philip J. Pierre has announced that effective July 1, 2025, the 12.5% Value Added Tax (VAT) will be removed from several categories of essential food items.<\/p>\n\n\n\n
During his address, Prime Minister Pierre revealed that the government is in active discussions with the Chamber of Commerce to finalize the list of products that will benefit from the VAT relief. He emphasized that the initiative primarily targets foodstuffs, a core expense for households across the island.<\/p>\n\n\n\n
\u201cThis measure will result in an immediate reduction in consumer prices\u2014once there are no significant cost increases from overseas,\u201d Pierre stated, noting the government\u2019s continued efforts to manage the factors within its control. \u201cWe are moving to ease the cost of living where we can. We do not control the international cost of goods, but where we have control, we are taking action.\u201d<\/p>\n\n\n\n
The Prime Minister extended gratitude to the Chamber of Commerce for what he described as \u201cexcellent cooperation\u201d in advancing the initiative. He also lauded the efforts of the Minister and Ministry of Commerce for their role in executing this crucial economic policy.<\/p>\n\n\n\n
The VAT removal is part of the government\u2019s broader strategy to cushion Saint Lucian consumers from global price shocks and inflationary pressures. Pierre reassured the public that while the government cannot regulate international market trends, it remains committed to domestic policy measures that bring relief to citizens.<\/p>\n\n\n\n
The updated list of VAT-exempt items is expected to be published in the coming weeks, following the conclusion of consultations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Castries, Saint Lucia \u2014 In a decisive move aimed at alleviating the rising cost of living, Prime Minister Hon. Philip J. Pierre has announced that effective July 1, 2025, the 12.5% Value Added Tax (VAT) will be removed from several categories of essential food items. During his address, Prime Minister Pierre revealed that the government<\/p>\n","protected":false},"author":8,"featured_media":42469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1,6],"tags":[],"class_list":["post-42470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mainstory","category-regional-and-international-news"],"yoast_head":"\n