For years, tax reform has been a topic of discussion in Sint Maarten, but despite plans being on the table since 2015, real implementation has yet to take place. The delay in much-needed changes is harming the island’s economy and business climate. With increasing regional competition and outdated tax structures, Sint Maarten risks losing its appeal as a destination for investment and entrepreneurship.
To understand the urgency of tax reform, it’s important to compare Sint Maarten’s tax system with those of neighboring islands within and outside the Kingdom.
Sint Maarten, on the other hand, still relies heavily on a complicated and outdated tax structure, which includes profit tax, wage tax, turnover tax (TOT), and various other levies. This system creates administrative burdens for businesses and discourages foreign investment.
One potential solution for Sint Maarten is adopting a system similar to that of the BES Islands. This would involve:
The lack of tax reform creates uncertainty for businesses, limits economic growth, and keeps Sint Maarten at a competitive disadvantage. Without change, companies may look elsewhere for more stable and business-friendly environments.
At HaVen – Audit, Accounting & Consultancy, we believe that proactive tax policies are essential for a thriving economy. If you are a business owner or investor in Sint Maarten, now is the time to prepare for possible reforms and structure your affairs accordingly.
📌 Want to explore how tax changes could impact you? Get in touch with our team for expert advice tailored to your situation.
Let’s build a stronger, more competitive Sint Maarten together!
Founder & Director
Erik van Engelen, RA
[email protected]
+1721 534 2833
Director
Taco Bruggink, RA RC
[email protected]
+31 6 12213162
We take pride in our dual focus.
For years, tax reform has been a topic of discussion in Sint Maarten, but despite plans being on the table since 2015, real implementation has yet to take place. The delay in much-needed changes is harming the island’s economy and business climate.
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