The amounts for the legal minimum wage will be increased by 4.9% effective January 1, 2024. From that date forward, the legal minimum wage for employees aged 18 and up in fulltime employment will be AWG 1,986.20 per month and AWG 463.25 per week. For employees aged...
In our prior newsflashes, we informed you that effective August 1, 2023, any import of goods became a taxable event for BBO/BAZV/BAVP purposes. Entrepreneurs importing trade goods (handelsgoederen) may deduct this BBO/BAZV/BAVP from the BBO/BAZV/BAVP that they are liable to pay in the month of...
In our newsflash of July 7, we have informed you that the Tax Plan 2023 - Part II contains a temporary legal basis entrusting the Minister with the power to reduce import duties tariffs by ministerial decree. We can now inform you that this ministerial decree...
In our newsflash of May 29, we have informed you that the government had send a legislative proposal to Parliament (Tax Plan 2023 - Part II, Belastingplan 2023 - deel II). We can now inform you that on July 5, 2023, Parliament adopted this legislative proposal....
Last Friday, the Aruba Government sent a legislative proposal to Parliament (Tax Plan 2023 - Part II, Belastingplan 2023 - deel II). Below is a summary of the main changes that the new legislation will bring. Levy of BBO/BAZV/BAVP on imports of goods As from July...
In our prior newsflash we have informed you that the government had sent a legislative proposal to Parliament containing changes to various tax laws (Tax Plan 2023: Landsverordening Belastingplan 2023).We can now inform you that on December 14, 2022, Parliament adopted this legislative proposal, and...
The amounts for the legal minimum wage have increased by 4.3% effective January 1, 2023. From that date forward, the legal minimum wage for employees aged 18 and up in fulltime employment is AWG 1,893.40 per month and AWG 441.60 per week. For employees aged 18 and...
This serves to inform you that the government has introduced a legislative proposal to parliament containing changes to various tax laws (Tax Plan 2023: Landsverordening Belastingplan 2023). Those changes, which are summarized below, will take effect January 1, 2023. Profit tax The modified IPC regime will be...
In the past, we informed you on beneficial tax policy, under which the personal income tax rate for dividends was reduced from 25% to 10%. We can now inform you that this beneficial tax policy has been extended by one year once again. In result,...
Dear client, The Tax Authorities are in the process of sending out property tax assessments for 2022. You might already have received the assessment for your real estate. If not, you will likely receive it in the coming weeks. The front page of your property tax assessment...