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Withholding tax

(payments made to persons or entities resident outside Saint-Martin)

Profits of establishments of foreign companies:

no withholding tax

Dividends:

no withholding tax

Interest:

no withholding tax

Royalties, services and fees:

no withholding tax

License fee

(and additional tax)

Principle:

annual tax payable by companies

Tax base: €300

flat rate plus a variable rate equal to €5/m² above 40m² and capped at €2,500

Additional tax:

€100 and 2.81% of the variable amount

“Contribution des patentes”

(and additional tax)

Principle:

annual tax payable by companies

Tax base:

rental value of buildings and equipment (offices, vehicles, computers... ) used for the business activity.

The rental value is set at 13% of the cost of these assets.

Tax Rate:

25.76%

Tax incentives for new businesses:

not applied for the year in which the business is created or the following

year; 50% tax deduction for the second year following the business creation

Cap:

the

contribution des patentes

may not exceed 3% of the value added produced in N-1.

Additional tax:

2.81% of the amount of

contribution des patentes

Import duties

(or similar)

None.

Only petrol products are subject to a tax of €0.06/liter (fuel intended for supplying ships and aircrafts),

€0,12/liter (fuel intended for any other use) or €0.23/liter (“industrial use” diesel).

Property tax

(business premises)

Principle:

annual tax charged to the owners of property located in Saint-Martin

Tax Base:

50% of the amount of “cadastral rental value of the property” which depends in particular on the use

of the property, its state of maintenance and its location.

Tax rate:

unchanged since 2008, 47.30% for built-on property

Tax exemption:

total exemption for a period of five years for new buildings

Examples:

Premises occupied by a bank branch (180 m²):

€4,600 / year

Office premises occupied by a legal professional

(300 m²):

€4,500 / year

Supermarket (1,600 m² excluding parking):

€20,000 / year

Exemption:

Total exemption for the year in which the

building is completed and for the following five years.

Leasehold tax

Principle:

tax charged to the owners of properties that are subject to long-term leasehold rental agreements (including

commercial leases).

Tax base:

rents collected 01/10/N-1 to 30/09/N; rate: 3%

Exemption:

total exemption for 5 years for buildings financed under an eligible “tax exemption” investment program.

Registration fees:

see page 34

11

MARCH 2015 EDITION

SUMMARY OF CORPORATE TAXATION