"Saint Pierre and Miquelon is an archipelago located off the coast of Canada in the North Atlantic Ocean. It is a self-governing overseas collectivity of France and has a population of 6,008 as of 2019. The economy of Saint Pierre and Miquelon is largely dependent on fishing, tourism, and subsidies from France.
The GDP of Saint Pierre and Miquelon was estimated to be $521 million in 2019, with a GDP per capita of $86,845. The unemployment rate was estimated to be 8.2% in 2019. The main industries in Saint Pierre and Miquelon are fishing, tourism, and construction. The main exports are fish and seafood, while the main imports are food, beverages, and tobacco.
The government of Saint Pierre and Miquelon has taken steps to diversify the economy and attract foreign investment. The government has implemented tax incentives for businesses and has invested in infrastructure projects. In addition, the government has also invested in renewable energy projects, such as wind and solar energy.
Overall, the economy of Saint Pierre and Miquelon is small but stable. The government has taken steps to diversify the economy and attract foreign investment, which has helped to create jobs and boost the economy."
Saint Pierre and Miquelon is a self-governing overseas territory of France located in the northwestern Atlantic Ocean. As such, the taxation system in Saint Pierre and Miquelon is subject to French tax laws.
Corporate Taxation in Saint Pierre and Miquelon:
- Corporate tax rate is 28%
- Capital gains tax rate is 28%
- Dividend income is subject to a withholding tax of 30%
Personal Taxation in Saint Pierre and Miquelon:
- Income tax rates range from 0% to 45%, depending on income level
- Capital gains tax rate is 30%
- Inheritance and gift tax rates range from 5% to 45%, depending on the relationship between the donor and recipient.
Tax Payment and Calendar:
- The tax year in Saint Pierre and Miquelon runs from January 1 to December 31.
- Tax returns must be filed by May 31 of the year following the tax year.
- Corporate income tax payments are due in four installments throughout the year, on March 15, June 15, September 15, and December 15.
- Individual income tax payments are made on a monthly basis, with the final payment due in September of the year following the tax year.
- Inheritance and gift taxes are due within six months of the date of the transfer.
Taxpayers in Saint Pierre and Miquelon are required to keep detailed records of their income and expenses, and may be subject to audits by the French tax authorities. Failure to comply with tax laws can result in penalties and fines.
It is worth noting that Saint Pierre and Miquelon is part of the European Union Customs territory and as such, has access to certain EU trade agreements and regulations.
Company incorporation application form
Chosen company name
Main business activity
Legal address of director
Your inquiry has been submitted. Thank You!
We will contact you shortly…