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St. Lucia PM announces VAT reduction, new economic initiatives

CASTRIES, St. Lucia, Nov 8, CMC – Prime Minister Allen Chastanet has announced a 2.5 per cent reduction in the rate of the Value Added Tax (VAT)‎, saying it will result in an estimated EC$52.5 million  (One EC dollar =US$0.37 cents) being pumped back into the hands of St. Lucians annually.
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