Short-term Investment Solution in Transforming Tax Administration to take Three-Years. | SMN News

PHILIPSBURG:— The short-term investment of Naf.37 million in the Capital Account for Transforming the Tax Administration is divided into Naf.32 million for the upgrading of the Tax Department and another Naf.5 million for the necessary improvements in Public Financial Management as noted in the 2015 Kingdom Instruction, Minister of Finance Hon. Perry Geerlings said on Monday.

Minister Geerlings adds that studies have indicated that the Government would yield extra income within two to three-years from the investment being made.

Expansion and broadening of the tax base and improvement of compliance by bringing into the fold

To read more: http://www.smn-news.com/st-maarten-st-martin-news/32193-short-term-investment-solution-in-transforming-tax-administration-to-take-three-years.html

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