Parliament meets Tuesday; loans and VAT amendments on the agenda

The Parliament of Saint Lucia meets from 10:00am Tuesday 2nd June with a number of Motions down for consideration.

The Minister for Finance Prime Minister Allen Chastanet is to seek Parliament’s authority to borrow US7.9M from the Caribbean Development Bank’s Ordinary Capital Resources (OCR) to finance the Millennium Highway and West Cost Reconstruction Project.

The Prime Minister will also seek authority for another loan this time US$4.1M from the International Development Association for the purpose of financing the Caribbean Regional Communications Infrastructure Program.

Yet another loan is to be guaranteed by Parliament in the amount of US$20,000,000.00 from the International Development Association for the purpose of financing the Human Capital Resilience Project.

Parliamentary approval will be sought for the draft Value Added Tax (Rate of Tax — Goods and services provided by hotels and other providers in the tourism sector) Order. Parliament will seek  to vary the rate of tax for certain goods and services provided by hotels and other providers in the tourism sector.

Parliament will determine what goods or services will attract the proposed 7 and 10 percent VAT.

There is another Amendment to the VAT this time for exemptions to imports of personal items, food, clothing, toys and other household consumables, contained in barrels. 

Bills to be tabled are: 1] Saint Lucia Tourism Authority (Amendment); 2] The Tourism Levy and 3] Labour (Amendment).