Taxation

Taxation in Sint Maarten (Dutch part) is governed by the Tax Ordinance of 2010. The country has a territorial tax system, which means that only income earned within Sint Maarten is subject to taxation.

Corporate Taxation:

- Corporate tax rate: The standard corporate tax rate in Sint Maarten is 34.5%. However, businesses in certain sectors, such as tourism and financial services, may be eligible for tax breaks or reduced rates.

- Taxable income: All profits earned within Sint Maarten by a company are subject to taxation.

- Tax returns: Corporate tax returns must be filed within five months after the end of the financial year.

- Tax payment: Corporate tax must be paid in quarterly installments, with the final payment due within six months after the end of the financial year.

Personal Taxation:

- Personal income tax rate: The personal income tax rate ranges from 0% to 52%. The tax rate is progressive, meaning that the more income an individual earns, the higher the tax rate they pay.

- Taxable income: All income earned within Sint Maarten by an individual is subject to taxation.

- Tax returns: Personal income tax returns must be filed annually by April 1st of the following year.

- Tax payment: Personal income tax must be paid in quarterly installments, with the final payment due by December 31st.

Process of tax payment:

Both corporate and personal taxes in Sint Maarten are administered by the Tax Department. Companies and individuals must register with the Tax Department and obtain a tax number. Tax payments can be made at the Tax Department or through online banking.

Calendar for payments:

- Corporate tax payments are due in quarterly installments, with the final payment due within six months after the end of the financial year.

- Personal income tax payments are due in quarterly installments, with the final payment due by December 31st. Personal income tax returns must be filed annually by April 1st of the following year.