TAXATION: No tax increase in 2018

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The elected officials of the territorial council decided to maintain the tax rates once again.

The property tax rate on built properties will be 47,30% (the same since 2008).

The property tax rate on undeveloped properties will be 121,58% (the same since 2011).

The rate of contribution of the patents will be 25,76% (the same since its creation in 2011).

The rate of the household waste management tax will be 14,70% (the same since 2007).

The rate of the charges intended for the financing of the CCISM (additional tax to the contribution of the patents and additional duty to the indexary license fee) will always be 2,81%.

Income tax

The 2017 income tax scale will increase by 1%; the elected officials decided to revalue it according to the evolution of the national price index excluding tobacco. "This revaluation would allow households whose incomes have increased to the level of inflation to pay next year a tax identical to that of this year," said President Daniel Gibbs.

As a reminder must pay income tax anyone who received income in Saint Martin.

(source: www.soualigapost.com)

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