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 tax, and real estate transfer tax, with supplies subject to room tax and real estate transfer tax brought within the scope of turnover tax;
• The repeal of existing tax holidays and the E-zone regime;
• The introduction of a 7.5% retail sales tax on goods purchased from outside Sint Maarten; and
• The introduction of real estate tax specifically for non-residents.

Additional details on the reform measures will be published once available.