Taxpayer info St. Maarten being updated, defaulters are to be assessed
WEDNESDAY, 01 FEBRUARY 2012
PHILIPSBURG--The St. Maarten Tax Department and the Receiver's Office are working together to update the data on individuals and companies.
A number of individuals and businesses will be sent letters requesting information as to business details and their taxable status it was stated in a press release.
"As part of the tax reform programme being undertaken in 2012 and 2013 it is critical that the Ministry of Finance and the Tax Administration collect the taxes that are due each year from all taxpayers."
As part of this exercise the Tax Administration - represented by the Receiver's office and the Inspectorate of Taxes – are both working to collect reliable up-to-date information on individuals and companies doing business in St. Maarten.
The process of updating data will take place throughout this year and will continue into the early part of 2013.
"As a first phase in this process a number of individuals and businesses will receive a letter sent from the Tax Inspectorate requesting confirmation of their relevant details," it was stated in the release.
The information letters will be sent to individuals and to businesses operating under a business name that is not known yet at the Tax Administration and which has no CRIB number attached to it. The CRIB number is the number that the Tax administration uses to identify tax payers.
The information letter contains a reply form that can be used if businesses need to update their data. Taxpayers can easily indicate any omissions on the reply form they receive; it was stated in the release. The Tax administration will then amend or remove the current information in the Tax Administration's systems.
The Tax Administration has also been trying to identify those individuals and businesses seriously behind in their payment of taxes.
The letters therefore will also contain tax assessments for a reasonable estimated taxable amount for the year 2006. The answer form can serve as a protest letter where the taxpayer can indicate if he/she protests the assessment and provide the reasons why it is protested.
If the protest is justified, then the Tax Administration will swiftly revoke the assessments and update their files in this respect. Once the data is updated, assessments for the years following 2006 will be issued where relevant.
Individuals and companies that receive assessments should make sure to submit any protest letter by 6:00pm on Wednesday, February 29, if they do not agree with the assessments.
The Finance Ministry and the Tax Administration believe that the process of gathering and updating information is vital to a properly functioning country tax system. "If everyone pays the taxes they owe it also helps to keep taxes down for the majority of compliant taxpayers," it was stated in the release.
Individuals and businesses currently not registered for tax purposes who do not receive a letter should also make themselves known at the Tax Administration by 6.00pm on Saturday, March 31, and apply for a CRIB number so that they can be included correctly in the Tax Administration's records and can settle their tax affairs appropriately going forward.
Individuals and companies who have received the information letter may have some questions on how to deal with this. There is a dedicated project team at the Tax Administration building to handle such matters. That team can be reached at tel: 526-8127. Finance Minister Hiro Shigemoto says this process is another stage of the tax reform process of the country.