The Inland Revenue Department (IRD) and the Eastern Caribbean Collective Organisation for Music Rights (ECCO) Inc. have signed a Memorandum of Understanding that will see them sharing information so that taxes and music licensing fees are properly collected in Saint Lucia.
Under the arrangement aimed at enhancing transparency, compliance, and the protection of music rights, IRD and ECCO will share relevant information to support both tax collection and music licensing enforcement. This includes data such as ticket sales and event attendance figures to assist with accurate tax assessments and ensure compliance with music licensing requirements.
Officials said the partnership is intended to help create a stronger business environment while ensuring that creators, publishers and performers are fairly compensated for their work.
The MOU also provides for cooperation between the two organisations in cases where responsibilities overlap, including referrals of potential violations and collaboration in investigations where necessary.
The agreement includes confidentiality provisions requiring that all shared information be handled in accordance with Saint Lucia’s legal framework, including the Income Tax Act, VAT Act, Copyright Act and Companies Act.
ECCO Chief Executive Officer Martin A. James said the agreement strengthens accountability in the sector.
“This MOU marks a significant step forward in our ability to ensure that the business of music operates with integrity and fairness,” he said. “By working hand-in-hand with IRD, we can better protect the rights of our members and promote accountability across the entertainment sector.”
IRD Comptroller Felicia Ellie said the partnership will support compliance and the wider creative sector.
“Collaboration between public revenue authorities and creative sector organisations is essential. This agreement will not only help strengthen tax compliance but also support the creative industry by ensuring that legal obligations are met transparently and efficiently,” she said.
The agreement remains in effect until it is modified or terminated by either party.
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