Revised Laws of Saint Lucia (2023)

68.   Order on grant of a tax relief

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    (1)   Where Cabinet grants approval of an application under section 67 and subject to subsection (2), the Minister shall, by Order published in the Gazette

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      (a)     declare the partnership business to be an approved partnership business;

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      (b)     declare the approved community tourism project;

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      (c)     declare the community tourism project to be an approved community tourism product;

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      (d)     specify —

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        (i)     the tax relief granted,

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        (ii)     the applicable time period for each tax relief that is granted, including, the commencement date and termination date,

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        (iii)     the conditions specified by Cabinet under section 67(2)(f);

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      (e)     provide for its suspension or revocation in a case of non-compliance with the conditions specified under paragraph (d).

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    (2)   In the case of an approved development or an approved tourism product that has been granted approval under section 67(3), an Order under subsection (1) shall not be made with respect to that approved development or approved tourism product before a revocation Order is made under the Tourism Incentives Act, or the Tourism Stimulus and Investment Act.