- Saint Lucia plans to cut food prices by 12.5 percent by removing VAT on up to 70 essential food items
- The proposal will be debated in Parliament in July
- Prime Minister Philip J. Pierre announced the VAT removal during his budget address in April
- The VAT removal will result in reduced prices for consumers
- Retail prices of many food items are expected to decrease by at least 12.5 percent after legislation passes
- This measure follows the removal of a 6 percent service charge on price-controlled foods effective June 1, 2025
- The government is collaborating with the private sector to address rising food prices
Source: stvincenttimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
