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St. Vincent & The Grenadines

SVG Gov’t announces salary increases, income tax reductions – One News St.Vincent

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By Admin. Updated 2:42 p.m., Thursday, September 22, 2022, Atlantic Standard Time (GMT-4).

Persons employed with the Government of Saint Vincent and the Grenadines will receive a salary increase of 7 percent over the next three years – 2023, 2024, and 2025 as the economy is projected to improve.

The workers’ unions made the announcement recently, but the official announcement was made today (September 22) at a press conference by Finance Minister – Camillo Gonsalves.

Mr. Gonsalves also announced the government’s plans to decrease personal and corporate income taxes and the income tax threshold.

Three-year salary increase

On the salary increases, the finance minister said the planned increases will begin with a 2.5 percent increase in 2023, a 2 percent increase in 2024, and a 2.5 percent increase in 2025.

He said that in the 2022 budget speech, the government, monitoring the country’s projected economic recovery, had announced plans to have talks about salaries and wages and income taxes.

He said the workers’ unions were invited to have discussions in August 2022.

In September 2022, the unions agreed to the 7 percent proposal.

The last three-year increase was a tok two of 4 percent paid for 2018, 2019, and 2020.

Income tax and tax threshold reductions

Mr. Gonsalves also announced a decrease in income taxes and the income tax threshold.

“We have decided to reduce taxes from 30 percent to 28 percent,” he said.

“We’ve reduced those taxes to 28 percent on everybody who pays personal income taxes, and we are reducing those taxes simultaneously on corporate income tax,” Mr. Gonsalves said.

This means that both public sector and private sector workers who pay personal income taxes will benefit from the reduction.

Mr. Gonsalves said that when the Unity Labour Party – ULP administration took office in 2001, the income tax rate was at 40 percent, but it was reduced to 32.5. He said when he became finance minister in 2018, there was another reduction to 30 percent.

The finance minister also indicated that the income tax rate could fall further in the future, based on the condition of the economy.

“The long-standing position of the government is that we want to bring our income tax rate down into the mid-20’s,” he said.

“I hope as things improve, we can revisit it again in a couple years,” he added.

Additionally, the income tax threshold is also being changed to benefit workers.

The finance minister said: “at the other end, your tax threshold which is how much money you make that is tax free, before the government starts taxing you is going from $20,000 to $22,000. So, before, if you make $19,000, you didn’t pay income tax. Once you cross $20,000, they started to tax any money over $20,000.”

“Now, the threshold is going up to $22,000,” he added.

Mr. Gonsalves said this threshold was at $12,000 when the ULP took office in 2001.

He said the moving of the threshold, “will mean that many many workers in Saint Vincent and the Grenadines will not pay income tax because their salary is below $1,800 per month.”

“So if you make under $1,800 per month, you’re not going to pay income tax with this increase,” he added.

The tax relief package will take effect next year – 2023.

He said: “The tax relief package is very important when considering exactly how much more money somebody is going to take home in their pocket”.

“It’s not just that your salary is going up, it’s that your taxes are going down. So, you’re going to save a little money when your taxes go down, and you’re going to make a little money when your salaries go up,” he said.

When said when you add those two things together, you’re ending up beyond 2.5 percent, referring to the planned increase for 2023.

He said the salary increases combined with the income tax reductions will amount to a 4 percent increase in take home pay for some workers.



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St. Vincent & The Grenadines

SVG National netball team captain named ahead of World Cup Qualifiers in Jamaica – One News St.Vincent

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Press release from the SVG Netball Association

As the St. Vincent and the Grenadines national female netball team continues its preparation to compete in the Americas Netball World Cup Qualifiers in Jamaica, October 16 – 23, 2022, Ms. Ruthann Williams and Ms. Maryann Frederick have been named captain and vice-captain, respectively.

This followed extensive deliberations amongst executive members to determine who best is fitting for these appointments.

St. Vincent and the Grenadines Netball Association President Ms. Natasha Baptiste is pleased with the executive’s appointment of the two ladies, saying “They will work with the team’s management in bringing out the best in the players, with one goal – which is qualification for the Netball World Cup in South Africa in July 2023.”

Captain – Ms. Ruthann Williams

Captain Ruthann Williams was elated at her appointment, seeing it as another step in serving her country to lead eleven other players on a historic journey. Ms. Williams said: “Serving my country is an honour whether it is at my place of employment or as captain of the national netball team. It is a sport I truly love and will work with all the members of the team and management to make the nation a very proud one.”

Vice Captain – Ms. Maryann Frederick

Vice-captain Maryann Frederick was also pleased, stating “I have been playing the game for many years, have represented St. Vincent and the Grenadines many times, and I will use my experience to help the other players play their best, so we on behalf of the country, can qualify for the Netball World Cup in South Africa.”

The Executive notes the hard work which has been put in by the players over the past months under the guidance of Head Coach Godfrey Harry, and ably assisted by Assistant Coach Vasha Adams, with the other members of the training committee making continued valuable contributions.

With a few days to go before the team departs the shores of St. Vincent and the Grenadines for Jamaica, the expected finetuning of skills sets and strategies will be attended to.

The Executive of the St. Vincent and the Grenadines Netball Association is fully confident that the team will qualify, and as President Natasha Baptiste put it: “give St. Vincent and the Grenadines one of the best Independence anniversary gifts ever.”



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St. Vincent & The Grenadines

55 additional Vincentians hired by Sandals Resorts International

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Another 55 Vincentians were hired by Sandals resorts International on Thursday 29 September. This group will head to Saint Lucia and Turks & Caicos before returning home to work at Buccament once the resort is completed late next year, according to Finance Minister Camilo Gonsalves. “A major highlight of this week’s recruitment drive was Shakeen […]



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St. Vincent & The Grenadines

Parliament postponed to October 17 – One News St.Vincent

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Published by onenewsstvincent

One News St. Vincent is a subsidiary of ONE NEWS MEDIA which also includes Campus Reporter News (UWI Mona) and Secrets of St. Vincent and the Grenadines Travel and Tourism site.

One News St. Vincent was founded on March 25, 2020. It is designed to bring a fresh social media engagement approach to news presentation in St. Vincent and the Grenadines and the rest of the Eastern Caribbean.



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