On July 31, Minister of Finance Hon. Perry Geerlings presented the Tax Transformation Plan to the board of directors of the Sint Maarten Hospitality and Trade Association (SHTA). The SHTA is the largest private business representative organization in the country.
During the Minister’s presentation, Geerlings highlighted the need for tax transformation and the way in which the transformation is planned to be carried out.
Perry Geerlings had already presented the Government’s Tax Transformation Plan to the Social Economic Council (SER) and the
Foundation Tax Committee and the meeting with the SHTA is a continuation of the process that he started back in May.
The members of the SHTA are senior business executives in the field of Hospitality and Trade and represent a large portion of the national economy.
The purpose of the presentations was not only to present the Tax Transformation Plan, but to give the SHTA the opportunity to comment on the plan and ask questions and further clarification with respect to the plan that would create a financially sustainable Government apparatus. read more