CAMPAIGN GOALS
Reducing Complexity
Streamlining tax legislation for clarity and ease of compliance.
Broadening the Base
Lowering rates for personal income, wage tax, and profit tax through a broader tax base.
Promoting Entrepreneurship
Creating an environment conducive to entrepreneurship, innovation, and increased employment opportunities.
Key Principles of the Tax Improvement Plan:
Changes to be Implemented
Small Business
Introduction of a small business scheme in Turnover Tax (TOT).
Profit Tax
• Elimination of surtaxes in profit tax.
• Overall lowering of profit tax.
Wage and Income Tax
Elimination of surtaxes in income tax, resulting in a lowering of tax rates.
Inheritance Tax
Abolishment of inheritance and gift tax.
Property Tax
Abolishment of property tax.
Transfer Tax
Lowering or elimination of transfer tax for first-time local homebuyers.
Securing Funding for Financial Management System
As Minister of Finance, Ardwell has secured funding and approval by the Council of Ministers for the implementation of a new financial management system for the Government This modern system aims to bring Sint Maarten's governance into the 21st century, enhancing efficiency and transparency in financial operations.
Revolutionizing Tax Administration
Additionally, Ardwell also has secured funding and approval by the Council of Ministers for the implementation of a new Tax Management System to revolutionize tax administration. This system launching before the end of 2024, will offer a robust one-stop portal for tax-related needs, simplifying processes for clients and reducing the need for in-person visits to the tax administration.
Championing Economic Resilience and Growth
As a dedicated public servant, Ardwell Irion will continue championing entrepreneurship, homeownership, financial literacy, and youth development. His vision for Sint Maarten is one of economic resilience, innovation, and inclusive growth, where every citizen has the opportunity to thrive.
Ardwell Irion's Vision for Sint Maarten: Transformative Tax Reforms and 21st-Century Governance
Ardwell Irion, in his pursuit of a prosperous and forward-looking Sint Maarten, is set to reintroduce and advance a comprehensive tax improvement plan in the first quarter of 2024. Rooted in principles of simplicity, fairness, and economic stimulus, the plan outlines strategic changes to the tax landscape, aligning with Ardwell's commitment to fostering entrepreneurship, innovation, and employment.