- Local entrepreneurs in Sint Maarten must ensure turnover tax is paid on foreign services, or risk penalties.
- Voluntary disclosure of underpaid taxes can reduce fines to 15% if done before tax authorities address the issue.
- Real estate rental income is taxed differently: commercial leases are taxed, permanent habitation leases may be exempt, and short-term tourist leases are exempt if room tax is paid.
- Cost contribution arrangements’ allocation formulas cannot be changed mid-term unless the composition of parties changes; interim changes may trigger turnover tax.
Source: hbnlawtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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