GOVERNMENT REMOVES 12.5% VAT ON KEY FOOD ITEMS TO CUT COST OF LIVING

Prime Minister Philip J. Pierre has announced a major fiscal move aimed at reducing the cost of living for
Saint Lucians. During a statement, to the media on Tuesday morning the Prime Minister revealed that the
government will remove the 12.5% Value Added Tax (VAT) from a wide range of food items, a move that
is expected to lead to immediate price reductions at supermarkets across the island.