Compliance team visiting businesses

PHILIPSBURG–The Compliance Team of the Tax Administration on August 21 began going door to door visiting businesses.

Businesses in the Philipsburg area can expect a visit in the coming weeks. The purpose of the compliance team is to ensure that businesses are complying with their tax obligation as well as to update the database of the Tax Administration.

The team of eight will request copies of business licences, shareholder registration as well as excerpts from the St. Maarten Chamber of Commerce and Industry. A questionnaire will be filled in and signed off by the interviewed business which indicates that the questions were answered truthfully. Businesses found non-compliant can be audited by the audit department.

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The Tax Administration reminds businesses that based on article 40 to 48 of the General Ordinance on National taxes they are obliged to provide information and access to buildings and grounds when requested to do so by the Tax Inspector, the Receiver or the Foundation SBAB.

Source: The Daily Herald https://www.thedailyherald.sx/islands/68831-compliance-team-visiting-businesses

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