Public Notice regarding effective dates of no longer accepting cheques at the Receiver’s Office (Sint Maarten)
The Ministry of Finance of Sint Maarten has informed the general public that effective 1 December 2021, the Receiver’s Office (het kantoor van de Landsontvanger) will no longer be accepting cheques with the exception of cheques from Banco di Caribe. The Receiver’s Office will cease accepting cheques from Banco di Caribe effective October 16, 2021. This has been announced with a Public Notice posted on the facebook page of the ...
OECD and CREDAF renew partnership to strengthen tax co-operation
The Organisation for Economic Co-operation and Development (OECD) and the Cercle de réflexion et d’échange des dirigeants des administrations fiscales (CREDAF) signed a renewal of their Memorandum of Understanding (MoU) agreeing to extend their collaboration in promoting fair and efficient tax systems and enhancing the efficiency and effectiveness of tax administrations for a further three years. This has been announced with a press release on the website of the OECD. Furthermore from ...
FTA releases document ‘Tax administration responses to Covid-19: support for taxpayers’ to assist administrations globally in their consideration of appropriate measures in their own national contexts to help taxpayers during this difficult period
The OECD has posted a document on the website, released up by the Forum on Tax Administration with suggestions on “Tax administration responses to Covid-19: support for taxpayers”. From the document: The Covid-19 emergency will affect the lives of many people around the globe. There are a number of ways that governments and tax administrations can ease burdens on taxpayers and support businesses and individuals with cash-flow problems or with ...
IMF Staff Concluding Statement of the 2019 Article IV Mission to Curaçao and Sint Maarten
Op 2 december 2019 is op de website van het Internationaal Monetair Fonds (IMF) de zogenoemde “Staff Concluding Statement” gepubliceerd met betrekking tot de ‘Article IV mission’ naar Curaçao en Sint Maarten. Een “Concluding Statement” beschrijft de voorlopige bevindingen van de IMF-delegatie na afloop van een officiële missie naar een land. De Concluding Statement vangt aan met de volgende korte samenvatting van de bevindingen: “The monetary union of Curaçao and ...
Use of digital technologies set to increase tax compliance
The eighth edition of the OECD's Tax Administration Series published ON 23 September 2019 shows how tax administrations are increasingly moving to e-administration and using a range of technology tools, data sources and analytics to increase tax compliance, according to a press release published on the website of the OECD. From the press release: Commenting on the report, Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration ...
Minister Geerlings commenced stakeholder sessions about tax transformation plan to secure country’s future (Sint Maarten)
Minister Geerlings is presenting his Tax Transformation plan to all key stakeholders on Sint Maarten. This was announced with a press release on the website of the central government of Sint Maarten. From the press release: On May 23 and June 10th, the Minister of Finance Hon. Perry Geerlings presented the Government’s Tax Transformation Plan to the Social Economic Council (SER). During the Minister’s presentation, Geerlings highlighted the urgent need ...
OECD Secretary-General report to G20 Finance Ministers and Central Bank Governors
On 8 June 2019, the OECD released the 2019 OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors. The report contains a brief overview provided by the Secretary-General (see hereafter) as well as tables and overviews regarding the status of various actions. Aruba Aruba is being welcomed as one of the 13 new members of the OECD/G20 Inclusive Framework on BEPS, since the last report of the Secretary-General ...
Verduidelijking belastingpositie Stichting Particulier Fonds (Sint Maarten)
De belastingdienst van Sint Maarten heeft een persbericht uitgegeven met als doel duidelijkheid te verschaffen omtrent de belastingpositie van de Stichting Particulier Fonds (SPF), in het bijzonder met betrekking tot de verplichting ten aanzien van het doen van aangifte. Het persbericht is geplaatst op de website van de overheid van Sint Maarten (www.sintmaartengov.org). Het in het Engels opgestelde persbericht luidt als volgt: “As a result of circulating messages in the ...
Tax reforms accelerating with push to lower corporate tax rates
Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD. This has been expressed by the OECD in a press release on its website covering the release on 5 September 2018 of the report "Tax Policy Reforms 2018; ...
OECD/IMF Report on Tax Certainty – 2018 Update
On 22 July 2018, the OECD/IMF Report on Tax Certainty – 2018 Update was published on the website of the OECD. This report was originally published as Annex 3 to the OECD Secretary-General Tax Report to the G20 Finance Ministers and Central Bank Governors, which was issued on 22 July 2018 after the G20 Finance Ministers meeting in Buenos Aires, Argentina (see a separate article in today’s CFN-issue). This report from ...
IMF recommends additional revenue efforts in the form of greater indirect tax collection
In its Country Report “Kingdom of the Netherlands - Aruba : 2017 Article IV Consultation-Press Release and Staff Report, June 2017” (hereafter: the Country Report) the International Monetary Fund (IMF) recommends with respect to Aruba additional fiscal measures to help achieve the authorities’ goals. Past IMF advice has identified a few such measures. These include additional revenue efforts in the form of greater indirect tax collection. The Country Report ...