Sint Maarten Considering Tax Reforms Based on IMF Recommendation
The Sint Maarten Government is reportedly considering a number of tax reform measures based on recommendations from the International Monetary Fund (IMF). Measures include:
- A reduction of the top individual income tax rate from 47.5% to 35%;
- A reduction of the corporate income tax rate from 34.5% to 15% or 25%;
- The repeal of the land tax, inheritance tax, dividend withholding tax, surtax, room…