Following interest and penalties are levied:
- Delay or failure to file tax returns attracts a penalty of 5% of the tax liability of the relevant tax year
- Delay in payment of tax attracts a penalty of 10% and interest of 12.5% of the unpaid tax
- Unpaid tax and penalties attract a monthly interest at a rate of 1.04% of the tax due
- Willful evasion of tax attracts a penalty of 100% of the tax sought to be evaded
In response to the COVID-19 pandemic, Saint Lucia has waived the interest and penalties on all tax types due in the month of March 2020.