IMF Staff Report for the 2024 Article IV Consultation discussions re Sint Maarten: Plans to lower tax rates, to make the country more competitive with neighboring islands, should be avoided. Instead, additional revenues are required to satisfy the fiscal rule. Envisaged reforms to enhance the tax administration and to digitize and interface government systems should be complemented with plans (a) to tax casinos’ profits, turnover, and winnings, (b) to enforce the lodging tax on short-term rentals and the tax on the proceeds thereof and (c) to institute a tourist levy at the airport (Sint Maarten)
On September 10, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation discussions with the Kingdom of the Netherlands regarding Curaçao and Sint Maarten. Following the discussions a press release was issued by the IMF on September 17, 2024, including a Staff report dated 22 August 2024 for the Article IV Consultation discussions. According to the press release, Curaçao and Sint Maarten have continued ...