Business group wants reduction in VAT in order to spur economic activity
CASTRIES, St. Lucia, CMC – The St. Lucia Employers Federation (SLEF) is calling on the government to lower the near one-year old Value Added Tax (VAT) so as to provide “some breathing space” to local business in the face of job losses and business closures.
"This reduction will provide members some breathing space as the slowdown in the economy continues to bite deep into their cash flows," said SLEF executive director Joseph Alexander.