MP Buncamper proposed increase TOT, decrease profit tax and scrap income tax for seniors.

November 25, 2021

PHILIPSBURG:--- During Thursday’s central committee independent member of parliament, Claudius Buncamper addressed the minister of finance, Ardwell Irion regarding the country packages related to the ministry of finance.
MP Buncamper noted that the tax reform has been on hold for quite some time and is still not ready and may take years before it is ready for implementation. The country packages’ goal is to enhance the investment climate, which means making the tax system more favorable for conducting business, and less red tape for starting a business.

MP Buncamper proposed a 1% increase on the now 5% turnover tax (TOT) ...

Source: https://www.smn-news.com/index.php/st-maarten-st-martin-news/39147-mp-buncamper-proposed-increase-tot-decrease-profit-tax-and-scrap-income-tax-for-seniors.html

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MP Buncamper proposed increase TOT, decrease profit tax and scrap income tax for seniors.

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