Profit Tax in St Maarten

Understanding Profit Tax in Sint Maarten: Key Deadlines and Requirements

Navigating the intricacies of profit tax in Sint Maarten can be challenging for businesses. At HaVen, we aim to simplify this process for you. Here’s what you need to know:

What Is Profit Tax

Profit tax applies to legal entities, such as limited liability companies (N.V., B.V.), foundations, and associations. It’s calculated on your annual taxable profit minus any deductible losses. The current rate stands at 34.5%.

Filing Requirements

Businesses must file two profit tax returns annually:

Provisional Declaration: Due on March 31st.
Final Declaration: Due on June 30th.

These forms are typically available at the end of the calendar year.

Fiscal Unity

If you operate multiple companies, you might qualify to form a fiscal Unity. This allows your businesses to be treated as a single taxpayer, simplifying your tax obligations.

Assessments and Penalties

Timely and accurate filing is crucial. Failure to submit your declarations on time or underpaying can result in additional tax assessments and penalties.

How HaVen can help:

At HaVen, we offer comprehensive tax services tailored to your business needs. Our experts can assist you with:

Preparing and filing your provisional and final tax returns accurately and on time.
Advising on tax group eligibility and benefits.
Providing guidance on tax deductions and credits to optimize your tax liability.
Representing your business in case of audits or disputes with the tax authorities.

For more information or assistance with your tax filings, reach out to us at HaVen. We’re here to help ensure your business remains compliant with all tax regulations in Sint Maarten.

Stay informed and avoid penalties by marking these key deadlines on your calendar. For further details, visit the havensxm.com.

Location

Welfare Rd 68,
Commercial Center 2
Cole Bay, St. Maarten

Our hours

8:00 AM – 5.00 PM
Monday – Friday

Contact us

Phone: +1721 524 2833
Email: [email protected]