Navigating Your Obligations with Confidence and Clarity

Running a business in Sint Maarten comes with exciting opportunities, but also with serious responsibilities. Among the most critical is staying compliant with local tax laws.

Why Tax Compliance Matters

Tax compliance isn’t just a legal requirement—it’s a cornerstone of responsible business management. Filling accurately and on time helps the business and its owners:

•        Avoid costly fines and audits

•        Build trust with employees, partners, and regulators

•        Maintain eligibility for government incentives and permits

•        Focus on growth instead of paperwork

In Sint Maarten, businesses are subject to several types of taxes, each of which has its own filing schedule and rules.

Types of Business Taxes in Sint Maarten

Understanding the tax landscape is the first step toward compliance. Here are the key taxes businesses should remain aware of and must manage:

1.    Turn-Over Tax (TOT): A general tax on the income derived from goods and services. TOT is levied on gross revenue. Businesses that are subject to T.O.T must file and pay on a monthly basis. This must be done on or before the fifteenth (15th) day of every month.

2.    Wage Tax and Social Premiums: Employers are responsible for withholding and paying wage tax and social premiums from their employee salaries. These include:

·      AOV/AWW (old-age and widow/widower insurance)

·      ZV/OV (sickness and accident insurance)

·      SZV contributions

This also must be filed and paid for together with T.O.T — on or before the fifteenth (15th) day of every month

3.     Profit Tax: This applies to certain organizations, and ALL businesses/companies. Profit tax is calculated annually based on net income. Proper bookkeeping and financial reporting are essential for Asset protection and Liability reduction.

Annual filing tax declarations must be completed by June 30th each year. If companies anticipate a delay in meeting this deadline, they may file formal extension requests with the Tax Inspectorate. It is essential to have a knowledgeable and committed firm to provide guidance and advice to ensure compliance, helping to prevent substantial fines and possible revenue losses.

 Why Professional Support Makes Sense

Tax compliance is complex, and mistakes can be costly. That’s why many businesses in Sint Maarten choose to outsource their tax responsibilities. Here’s why it pays off:

Accuracy: Professionals stay updated on changing regulations

Efficiency: Save time and reduce administrative burden

Peace of Mind: Avoid penalties and audits with expert oversight

 CaribTax: Your Partner in Compliance

At CaribTax, we understand that every business is unique—and so are its tax needs. That’s why we offer customized support to help you stay compliant, confident, and focused on growth.

Our team works closely with you to ensure:

• Monthly filings for Turn-Over Tax, wage tax, and social premiums are accurate and on time
• Payroll tax support is streamlined, from calculations to submissions
• Annual profit tax declarations are prepared with precision, backed by proper bookkeeping
• Strategic advisory to help you make informed decisions about your business structure and financial planning

Ready to simplify your tax compliance journey? Let CaribTax handle the numbers so you can focus on what you do best—growing your business.

FAQ’s

1. What taxes do I need to file as a business owner in Sint Maarten?

If you run a business in Sint Maarten, you’ll need to file Turn-Over Tax every month, wage tax and social premiums if you have employees, and profit tax once a year. Each has its own rules and deadlines.

2. When are business taxes due?

Monthly taxes like Turn-Over Tax and payroll-related taxes are due by the 15th of each month. Profit tax is due by June 30th every year, but you can request an extension if needed.

3. Can someone help me with my business taxes?

Yes! CaribTax can take care of your monthly filings, payroll taxes, and annual profit tax. They make sure everything is accurate and on time so you can focus on running your business.

Do you have additional questions?

Contact us today for a free consultation and let us guide you throughout the process!