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...
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,...
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...