St Barthelemy taxation : The beach, the sun, and… no tax !
Its privileged tax status is governed by the organic law of 2007. As such, individuals residing in SAINT BARTHELEMY for more than 5 years are exempted from income tax as well as from wealth tax (for properties situated in St. Barthelemy). Neither are they subject to VAT nor to other taxes. Also, they don’t pay inheritance tax on properties situated on the island and for the benefit of heirs living in a country with no inheritance tax.
Rentals are also benefiting from a favorable tax regime and are low-taxed thanks to the amortization charges.
if an Italian buys a villa in SAINT BARTHELEMY, then the rentals that he will collect will not be taxed during the first 30 to 40 years, because of the significance of the amortization charges.
Nevertheless, the island of SAINT BARTHELEMY continues to be attached to French legislation for some points like the social charges (CSG-CRDS) that remain due.
Considering the absence of tax agreements with third countries (USA, Italy, France, Russia, etc.), it is essential to keep accounts in order to forward them to the country of residence for fiscal purposes.
The table below is a good synthesis of the SAINT BARTHELEMY tax system.
However, as the subject is particularly complex, don’t hesitate to contact a specialist :
Christian ROCHE 06.90.26.06.23 (Saint Barthelemy’s time zone)