Key findings
The Phase 2 review rates Sint Maarten as overall partially compliant with the international standard of transparency and exchange of information for tax purposes. Sint Maarten has an extensive exchange of information network of 88 jurisdictions. Following its Phase 1 review, Sint Maarten made some improvements to its legal framework which now ensures the availability, access and exchange of information. However, the review finds that there is a lack of oversight and enforcement of this legal framework. There was also limited use of compulsory powers in practice. Finally Sint Maarten experienced some difficulty in answering EOI requests in a timely manner due to a lack of internal deadlines and processes. Sint Maarten should report the steps taken to address the recommendations made in the Phase 2 report within 12 months. For further information on the exchange of information practice of Sint Maarten and to read the full report click here.