The primary function of the Department is to “formulate, implement, monitor and evaluate the socio-economic policies of the Island Territory of St. Maarten with the ultimate purpose of stimulating economic growth and development”.
As an island nation whose economy is based on one industry - tourism - it is of the utmost importance that every visitor - either virtual or real -- to St. Maarten has a positive and memorable experience. An experience that leaves you wanting more as you browse the web, just as you might want one or two days more at the end of your vacation stay.
Turnover Tax is a tax on business-sales realized by entrepreneurs or businesses in accordance with their business in the Netherlands Antilles. This tax is an indirect tax with the character of a consumption tax and is not imposed on imports.
Exempts are among others:
The deliveries of goods and rendered services by entrepreneurs /businesses in the off-shore sector; The delivery of immovable properties as far as transfer-tax (4%) is paid;
The services of banks and other financial institutions for banking and financial performances with the exception of loans and mortgages, the transfer of money, the saving of stocks and shares and other papers of value;
The services rendered to entrepreneurs/businesses in the off-shore sector performed by lawyers, legal and tax advisors, accountants, consultants, and notaries
Turnover realized on transport services by aircraft or sea vessels.
In The Minister of Finance is politically responsible for the correct levying of taxes. Before taxes are implemented on the Islands of the Netherlands Antilles, the Antillean Parliament must approve them.
There are two tax rates for turnover tax:
1% : Due on certain basic necessities, however, turnover realized hotels and
Catering establishments will be taxed at a rate of 3%.
3% : Due on all other deliveries of goods and services.
