Atlas | Beneficial Tax Policy I
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Beneficial Tax Policy I

Beneficial Tax Policy I

As a result from the social dialogue held between the government and different professional organizations, the government of Aruba has introduced a couple of changes in the tax legislation. The goal of these tax reforms is to stimulate the economy and purchase power of the citizens of Aruba.

Following the recent Social Dialogue on issues relating to tax reform and utilities policy, the government of Aruba has prepared a number of Draft State Ordinances. Those Draft State Ordinances provide for changes in the area of taxes and the reparation allowance. The Draft State Ordinances are expected to be discussed in Aruban Parliament later this month.

In anticipation of the introduction of the State Ordinances, the Minister of Finance, Communication, Utilities and Energy recently announced in the local newspaper that some of the proposed measures will already enter into force. These have been prepared with an eye to increasing purchasing power and to promoting sustainability by stimulating the use of energy-efficient products on the market. The applicability of the measures will be given legal basis at a later date. Click here to read more.