Dear client On January 18, 2019, we informed you on the beneficial tax policy, under which the personal income tax rate for dividends was reduced from 25% to 10%. This reduced rate applies only to dividends distributed in 2019, from profit reserves that arose...
Dear client, Transactions between associated companies must be conducted on terms that would have been agreed between independent companies also. For example, the interest charged on a loan from a parent company to its subsidiary must be at arm’s length. The terms for...
Dear client, Please be informed that the deadline for filing (and payment) of the 2018 final corporate income tax return is December 9, 2019. If you wish us to prepare and file this return on your behalf, we kindly request you to send us...
Dear client, From January 1, 2020, all monthly tax returns can be submitted digitally to the Tax Authorities via the online portal "BO Impuesto". With the introduction of this portal, after a short and yet to be determined transition period, the paper tax return...
Dear client, In the emails below, we informed you of the government’s plans to reform the Aruban tax system. We also explained that the reform would be carried out in phases. Further details have now been released of changes in further phases. These changes...
Dear client, With this e-mail we wish to remind you of two obligations for which the date of September 1, 2019 is important 1. Filing of the shareholders register The board of your company is required to keep an up-to-date register with...
Dear client Please be informed that the transitional arrangement has been extended with 3 months. Effective October 1, entrepreneurs may no longer offer goods or services at prices exclusive of BBO/BAZV/BAVP, and may no longer state on their invoices and payments receipts that the...
Dear client, Last year we informed you about the new simplified income brackets, with a maximum of tax rate of 52%, and the increase in the tax-free sum to AWG 27,751. These new rules apply to various income sources, including all income from employment....
Dear client, On January 2, 2019, we informed you that the changes regarding the first of four phases in the plan for reforming the Aruban tax system had been approved and published in the Official Gazette. The only exception was the reduction of the...
Dear client, On December 5, 2018, we informed you about the four-phase plan for reforming the Aruban tax system (see e-mail below). The changes regarding the first phase have since been approved and published in the Official Gazette. The changes described in that...