Minister of Finance: ‘The dividend withholding tax is not a burden nor a surprise measure and it will not have any adverse effect on the average Sint Maarten taxpayer’ (Sint Maarten)
“The dividend withholding tax to be implemented is not a burden nor a surprise measure and it will not have any adverse effect on the average Sint Maarten tax payer”, Minister of Finance Marinka Gumbs stressed in a statement to The Daily Herald on Monday, according to a news release published on the general website of the Government of Sint Maarten. During the recent Central Committee meeting of Parliament on ...
Minister of Finance implements the 10% dividend withholding tax: target enforcement date is January 1, 2026 (Sint Maarten)
During the budget debate which took place this week, Minister of Finance Marinka Gumbs has confirmed that a ‘new’ 10% dividend withholding tax is on the way, ‘marking a significant step toward strengthening Sint Maarten’s revenue base’. The target enforcement date is January 1, 2026, with formal inclusion in the 2026 national budget. This has been announced with a news release on the general website of the Government of Sint Maarten ...
Short-term investment solution in transforming tax administration to take three years, Minister of Finance says (Sint Maarten)
The short-term investment of Naf.37 million in the Capital Account for Transforming the Tax Administration is divided into Naf.32 million for the upgrading of the Tax Department and another Naf.5 million for the necessary improvements in Public Financial Management as noted in the 2015 Kingdom Instruction, Minister of Finance Hon. Perry Geerlings said on Monday, according to a press release dated 26 June 2019 published on the website of the ...
Transforming tax administration to result in economic revival and secure government finances and investments, Minister of Finance says (Sint Maarten)
The Minister of Finance of Sint Maarten Hon. Perry Geerlings said on Thursday that the transformation of the country’s Tax Administration will result in further national economic recovery and providing a sustainable secure system for future government finances and necessary investments into the public sector, according to a press release dated 21 June 2019 published on the website of the Government of Sint Maarten. From the press release: “For years ...