Tax laws Sint Maarten (Netherlands)
Sint Maarten, the Dutch-controlled southern part of the island of Saint Martin in the Caribbean, operates a tax system comprising various levies on individuals and corporations. Key components include:
1. Corporate Taxes:
Income and Profits Tax: Companies are subject to income and profits taxes on their earnings. The specific rates and structures are defined under Dutch law as applicable to Sint Maarten.
Dividend Tax: A dividend tax is imposed on distributions to shareholders. The standard rate is 5%, but this can vary based on tax treaties and specific circumstances.
Company Turnover Tax (BBO): Levied at a rate of 5% on the delivery of goods and services within Sint Maarten by both resident and non-resident entrepreneurs.
2. Individual Taxes:
Payroll Tax (Loonbelasting): Employers are required to withhold payroll tax from employees' wages, which is remitted to the tax authorities.
Room Tax (Logeergastenbelasting): A 5% tax imposed on non-resident guests of hotels and other accommodations, including rentals of vacation villas and condos. Time-share guests pay a fixed fee of NAF 90 (approximately USD 50) per week, included in the annual maintenance fee.
Excise Duties: Taxes are applied to specific goods such as gasoline and cigarettes.
Transfer Tax (Overdrachtsbelasting): A 4% tax levied on the transfer of real estate.
Real Estate Property Tax (Grondbelasting): An annual tax of 0.3% on the value of unimproved and improved properties, charged to the property owner.
Inheritance Tax (Successiebelasting): Tax due upon inheriting money or property from a deceased person's estate.
3. Other Taxes:
Import Duties: While there are specific taxes on certain goods like gasoline, there are generally no duties on the importation of goods into Sint Maarten, promoting its status as a free port.
Excise Duties: Applied to products such as gasoline and cigarettes.
It's important to note that tax regulations can change, and there may be additional taxes or exemptions not covered here. For the most current and detailed information, consulting the official tax authorities or a tax professional is recommended.
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