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Gibson Sr. Expects Cft ‘Green Light’ For Budget

PHILIPSBURG--Finance Minister Richard Gibson Sr. said Wednesday he expects the Committee of Financial Supervision CFT to give its final “green light” for the 2017 Budget any time after January 10, 2017.

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Country 2017 Budget Approved By Parliament

PHILIPSBURG--Finance Minister Richard Gibson Sr. can once again brag about presenting a balanced budget and getting it approved by majority of Parliament for a second time. Ten Members of Parliament voted for the NAf. 458,101,671 budget presented by Minister Gibson on Monday Read more

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Motion Tabled To Aid In Avoidance Of Criminal Prosecution For Back Taxes

PHILIPSBURG--Government has been called on, via a yet-to-be voted on motion from Parliament, to initiate a public campaign to inform the population of the possibilities it has to make use of the tax facilities provided by General Ordinance on Taxes, such as the voluntary disclosure scheme (“Inkeerregeling” in Dutch) on how to avoid criminal prosecution under law.

  The motion also calls on Government to allow for a longer period to pay taxes owed and adjust its collection policy accordingly.

  Finance Minister Richard Gibson Sr Read more

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Gibson Aims To Make The Country Debt Free

PHILIPSBURG--Finance Minister Richard Gibson has set his aim on making the country completely free of its past debt by 2018. He told Parliament on Monday afternoon after he tabled the 2017 draft budget for approval that on the current trajectory the pending NAf Read more

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Draft Budget Up For Approval On Monday

PHILIPSBURG--Finance Minister Richard Gibson Sr. will be back in Parliament on Monday at 2:00pm to present the draft 2017 budget for approval. The budget will pass into law once approved by Parliament. However, it will still need the stamp of approval from the Committee for Financial Supervision CFT.

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Naf. 10 Departure Tax Pending For Country

PHILIPSBURG--A departure tax of NAf. 10 is pending for the country. This tax, when implemented by Government, will affect all passengers leaving the country, except cruise ship passengers. Finance Minister Richard Gibson anticipates this tax will raise some NAf Read more

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Port Registers Loss Of Us $9 Million

PHILIPSBURG--Port St. Maarten has registered a US $9 million loss, a shortfall Government will have to cover, disclosed Finance Minister Richard Gibson.

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Draft 2017 Budget Up Naf. 20M From This Year

PHILIPSBURG--Finance Minister Richard Gibson has managed to increase the budget for the coming year by NAf. 20 million more than the amount budgeted for 2016. The total budget stands at NAf Read more

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