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  • HARBOR VIEW---On Monday, November 28th, 2016, the Chairwoman O. Bryson-Pantophlet presented 2015 SER year report to His Excellency the Governor drs. E. Holiday.

  • HARBOR VIEW---On Wednesday, November 23th, 2016, the Representative of the Netherlands in Sint Maarten, Mr. Chris Johnson met with SER.

  • HARBOR VIEW---The Social Economic Council (SER) celebrated its 5th anniversary on Thursday, May 26, 2016. The board was appointed on May 1st, 2011 and therefore celebrated its 5th anniversary this year.

  • HARBOR VIEW---On Tuesday, May 17th Chairman of SER Surinam, Ferdinand Welzijn visited his counterpart Oldine Bryson-Pantophlet

  • HARBOR VIEW---On behalf of the SER board, the SG donated two used laptops to representatives of the Hope Outreach Foster Care Foundation.

  • / Sharon Arnell / — March 15, 2016

    HARBOR VIEW---As of March 1st, 2016, Sharon Arnell became the Senior policy advisor of the Social Economic Council (SER).

  • Harbor View--The University of St. Martin in collaboration with the University of the Virgin Islands provided the SER board with a two day training on Human rights. Professor O. Becerra of USM during his presentation.

  • / SER internship / — February 08, 2016

    HARBOR VIEW-- Ms. Zusanna Leutscher, is currently doing her internship at the SER. Ms. Leutscher is a law student from the University of Applied Sciences Amsterdam.

  • HARBOR VIEW----In a small ceremony on Thursday, December 10, surrounded by family and friends the Social Economic Council (SER) bid farewell to Mrs. Elaine Gumbs-Vlaun.

  • / SER most valuable members 2015. / — December 10, 2015

    HARBOR VIEW---At the end of a productive year of activities, the Social Economic Council (SER) this week distinguished two members from their midst as ‘most valuable member’ and substitute member of 2015.

  • / SER USM lecture / — November 10, 2015

    PHILIPSBURG--The topic of “Education as an emancipation tool in a hospitality-based island” was discussed at a lecture on Tuesday evening, hosted by the Social Economic Council SER in collaboration with the University of St. Martin (USM).

  • The HAGUE---On Thursday, October 29th Dutch SER Chairwoman, Mariëtte Hamer received SER Sint Maarten’s 2014 annual report.

  • The Hague--- From October 29th - 30th 2015, the Social Economic Council (SER) Sint Maarten took part in an International Conference entitled: “Promoting Workplace Compliance"

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Skip Navigation LinksSocial Economic Council > Press Releases > SER advice registration of transactions at the ports of entry and indirect taxation made public.

SER advice registration of transactions at the ports of entry and indirect taxation made public.

HARBORVIEW---Given its institutional role, the Social Economic Council (SER) initiated a review of indirect taxation because this would be valuable for the social economic development of Sint Maarten. The SER concluded that the current indirect tax model, Turnover Tax, has shortcomings in compliance, extent of coverage and economic impact.

All alternative tax models regarding indirect taxation will require some form of registrations of transactions at the ports of entry: the harbor and the airport. Therefore, the SER advises government to register all trade transactions at the ports of entry by quantity, generic type, value and owner by CRIB- number. No CRIB-number, no imports and exports. Non-trade transactions for personal use by the general public, such as internet purchases, will be registered without CRIB-number. The registration of transactions should be simple and not unnecessarily burden economic activity and consumers. The registration at the ports of entry would not delay the logistical process of importing and exporting goods, just as similar requirements in other countries don’t do so. Moreover, the administration of shipping companies, air- and ocean freight, is already geared towards a registration of transactions, and the registration of transactions can be executed under existing legislation.

The data from this registration would facilitate both the level of compliance of existing taxation and the ability to judge the returns of investments to replace Turnover Tax with alternative and more effective indirect tax models. An effective alternative tax model for indirect taxation is the most important goal of the SER. The data from registration of transactions would also give generic information which goods are actually coming in and going out of our country. The registration of transactions also addresses to some extent the unlevel playing field that is caused by some businesses paying their fair share of Turnover Tax and others not. The latter is a longstanding complaint of the business community, especially regarding foreign businesses.

The full advice has been made public in National Gazette on May 26th, 2016. The advice can be downloaded from the SER website www.sersxm.org.

 

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The Social Economic Council is an independent advisory organization of the country of Sint Maarten. The board consists of three representatives from employers' organizations, three representatives from employees' organizations, and three independent experts.