Video 2 Finance Minister Marinka Gumbs Budget 2025 Tax Tables, CFT, Vacation Pay
Video 2 Ministers Weekly Press Briefing Marinka: Updates Budget 2025.
May 2025 with 7 modifications from Council of Advice. Marinka wanted a more expensive amended budget, but to save time.. she’s going to do it the most efficient way.
Income tax 2024
Deadline: June 30 2025. Informative sessions throughout year. 2 free educational workshops on completion of tax returns. Upcoming workshops, 2 open to general public. Link with info published later this week. Digital video tutorials about how to fill in tax return.
Tax tables 2025 2023 was published 2024. 2024 tax table will be published in 2025. Reviewing if the process can be accelerated.
Vacation Pay Civil Servants 8% allowance June 2025.
Retroactive payment 2% indexation. After May 2025, adjustment will be made. In July the Retroactive will be paid out.
Vacancy head of Island Tax Office. SOAB assisting with the recruitment process. Tax Office is undergoing a major transformation.
Collection policy; Government working on making it more efficient.
REFINANCING OF 73 MILLION GUILDER GOVERNMENT LOAN: MUST BE PAID IN FULL IN ONE LUMP SUM.
Marinka claims they have been complying EXCEPT for the “Bullet Loan”. The FULL amount is owed in 2025.
The new budget includes a refinancing of the loan in compliance with CFT.
Why didn’t Government SAVE?
Marinka’s excuse is the Covid-19 epidemic. Irma also is mentioned as a factor. Wednesday May 14th 2025
Finance Minister Marinka Gumbs #StMaartenNews #stmaarten #sintmaarten #sxmnews #sintmaartennews