PwC presents Fiscal Law book to Finance Minister Gibson

POSTED: 03/10/16 7:05 PM

St. Maarten News – PwC presented its latest publication of the Fiscal Law book 2016 “Fiscale Wetgeving 2016” to Minister of Finance Richard Gibson this week. The minister received the publication from Paul van Vliet, Director of PwC Dutch Caribbean. Every year, PwC Dutch Caribbean publishes an overview of current and relevant tax laws of Aruba, the BES islands, Curaçao and St. Maarten. Meanwhile, this is the 9th edition of the law bundle that PwC issues. “In the budget of St. Maarten a considerable amount is estimated towards tax incomes. This clearly indicates how significant tax laws are. It is therefore crucial to be aware of these laws. In our local market many entrepreneurs, investors and individuals operate in several parts of the Kingdom in The Caribbean. With all the annual changes it is a challenge even for tax experts to have knowledge at hand of all applicable tax laws in our region”, Van Vliet stated in a press release. “There is a large demand for an accurate summary of the applicable tax laws and regulations within the region. With the publication of an annual up-to-date edition of “Fiscale Wetgeving”, we try to meet this demand. In addition, sharing knowledge with our clients and society is an important objective within our organization. The annual publication –which is also available online, free of charge- fits this objective well”, Van Vliet stated.

The main changes to the tax laws and international regulations are included in the latest publication. The tax changes for St. Maarten relate to the introduction of the new Criminal Law code (Nieuwe Wetboek van Strafrecht). For Curaçao, this includes the implementation of the new “Belastingregeling Nederland Curaçao”, the establishment of a second court and the National Ordinance in international assistance in the field of tax levies. The recent changes for Aruba concern the fulfillment of the income tax declaration system. The Fiscal Law book 2016 also includes many more small changes for each island, including shifts in various tables. Finally, the book also summarizes the growing number of treaties between the countries within the Kingdom of the Netherlands and at international level. The paperback edition of the law book can be obtained from the PwC offices in St. Maarten, Aruba, Bonaire and Curaçao.

For more information or for placing orders please call +1-721 542-2379. In addition to the pocket edition there is also an interactive digital version available. This document can be downloaded for free from the PwC website (www.pwc.com/dutch-caribbean).

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