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List of main indirect taxes

in Saint-Martin

The term indirect tax signifies a tax paid by consumers but collected and returned to the

Collectivité

of Saint-Martin by the company that sells the goods or services.

TGCA tax on turnover (“Taxe générale sur le chiffre d’affaires”)

Principle:

tax paid by customers, must appear on invoices

Scope:

supply of goods and services

Territoriality:

TGCA taxation if the place of business operations is located in Saint-Martin:

u

sales: place of departure of the goods

u

services provided by a service provider based in Saint-Martin: place of use of service or place where the recipient is based

u

services provided by a supplier established outside Saint-Martin: place where the service is provided

Rate:

4%

Transactions that are non-taxable or exempt:

in particular, the sale of goods to be resold or used to provide a ser-

vice (the TGCA tax only applies to the final stage of the production chain); exports (excluding sales to St. Maarten);

various financial transactions, etc.

Reporting system:

monthly pay out of the tax collected

Visitor’s tax

Principle:

tax paid by hotel customers, must appear on invoices (not cumulative with TGCA)

Scope:

hotels, tourist residences, rental villas...

Rate:

4%

Reporting system:

monthly pay out of the tax collected

Tax on vehicle rentals

Principle:

tax paid by clients for short-term vehicle rentals, must appear on invoices (not cumulative with TGCA)

Scope:

short-term rental of vehicles

Rate:

4%

Reporting system:

monthly pay out of the tax collected

31

MARCH 2015 EDITION

DOING BUSINESS IN SAINT-MARTIN