Known for its lush mountains, pristine beaches, and iconic Pitons, St Lucia is becoming an increasingly attractive destination for retirees, remote workers, and entrepreneurs seeking a vibrant new home.
In this guide, we’ll walk you through everything you need to know about relocating to St Lucia from a personal tax perspective, including tax residency, income tax, special tax regimes and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
St Lucia follows a residence taxation model. If you are resident, you will pay tax worldwide incomes. If you are non-resident, you will pay tax on local incomes only.
if you are present in St Lucia on more than 182 days during any 12 month period.
if you have a home in St Lucia during the tax year.
Providing that you are considered not ordinarily resident, foreign incomes will be exempt from St Lucia providing that the incomes are not remitted to St Lucia. St Lucia can be a very tax efficient place to live in and as such, Global Tax Consulting recommends seeking personalized tax planning advice to take advantage of the special tax regime.
Exempt from St Lucia taxation.
Must be not ordinarily resident.
Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in St Lucia, you may find the source country, as a starting point, continues to tax the income which may cause double taxation unless you are using special tax regime.
Double taxation agreements can be used to mitigate double taxation and receive tax free income. As such, the more double taxation agreements a country has, the better, as agreements will ensure you’re not taxed twice and even better, ensure your income is tax free.
At present, St Lucia does not have any double taxation agreements signed.
