 The Honourable Philip J. Pierre, Prime Minister of St Lucia, has introduced a series of friendly policies designed to foster economic growth and enhance the financial wellbeing of St Lucia's citizens and businesses. These policies, which are already in effect, have been crafted with the aim of alleviating financial strain and empowering every St Lucia to thrive. The tax-friendly policies implemented by Prime Minister Pierre's administration include the removal of withholding tax on small contracts. This government has abolished withholding tax on government contracts valued at $10,000 or less, providing a significant boost to local contractors. A tax amnesty extension. Local businesses, property owners and taxpayers who have incurred fines, penalties and interest charges on unpaid taxes up to financial year 2021, now qualify for a 100% waiver of all fines, penalties and interest, until May 2024. Prime Minister Pierre's decision to waive nearly 780 million in charges will alleviate financial strain and enable our citizens and businesses to retain their hard-earned money. The government has implemented VAT exemptions on various essential items and services, including sanitary products, select-building materials, imported solar PV systems and medical equipment. Furthermore, the taxes for hybrid and electric vehicle imports have been significantly reduced from 35% to 5% promoting environmental consciousness and accessibility. The Land and House Tax Act has been amended to extend the tax amnesty on residential properties in St Lucia. Local residential property owners and Sports St Lucia Inc are now exempt from paying property taxes for the financial year 2023, providing much needed relief to residential property owners. Prime Minister Pierre's administration has raised the income tax threshold from $18,000 to $25,500 annually. As a result, St Lucia's earning less than $25,500 a year will pay $0 in income tax, ensuring a fair and equitable taxation system. According to Prime Minister Pierre, these people-friendly fiscal policies highlight this government's commitment to strengthening economic resilience and empowering every St Lucia to thrive. We will continue to create an enabling environment for businesses to prosper and for citizens to achieve financial security. These policies demonstrate the government's unyielding resolve to enhance the welfare of our citizens and encourage a conducive environment for business growth and development. With these policies already in effect, St Lucia's are expected to save millions of dollars annually from tax exemptions and amnesties. Office of the Prime Minister