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 tax, and real estate transfer tax, with supplies subject to room tax and real estate transfer tax b…