Dear client<\/p>\n
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 before year-end 2018. Furthermore, only dividends distributed by legal entities residing in Aruba qualify. <\/p>\n
We can now inform you that this beneficial tax policy has been extended by one year. In result, dividends distributed in 2020 from profit reserves that arose before year-end 2019 will be subject to the reduced personal income tax rate of 10% also.<\/p>\n
Additionally, last Friday a further beneficial tax policy was published that provides for a reduced rate of 10% for pension buyouts. The government announced at the same time that it plans to phase out the possibilities for self-administered pension plans. In anticipation of that change, pension buyouts between January 1, 2020 and June 30, 2020 will be taxed at the reduced rate. Further buyouts will be possible during the second half of 2020, subject to the present tax rate of 25%. From 2021 forward, buyout values will be taxed at the progressive rate, which in most cases will result in a higher effective tax rate.<\/p>\n
The reduced tax rate applies to buyouts of both accrued pension rights and pensions that are already being drawn, regardless whether they were accrued under self-administered pension plans or with a professional insurer (except where buyout is not permitted). The reduced rate carries a number of conditions. For example, the buyout value must be received for tax purposes between January 1, 2020 and June 30, 2020, and the wage tax and social security contributions must be paid on time. Additionally, the principles for calculating the buyout value must be acceptable for tax purposes. It is not allowed to purchase pension rights for prior years of service neither to give pay rises to increase the buyout value and so benefit from the lower tax rate. Furthermore, the Tax Inspector\u2019s approval must be requested for applying the reduced rate for wage tax purposes.
\n Regards,<\/p>\n
Estimado cliente,<\/p>\n
El 18 de enero de 2019, le informamos sobre la pol\u00edtica fiscal beneficiosa, seg\u00fan la cual la tasa del impuesto sobre la renta personal para los dividendos se redujo del 25% al 10%. Esta tasa reducida se aplica solo a los dividendos distribuidos en 2019, de las reservas de ganancias que surgieron antes de fin de a\u00f1o 2018. Adem\u00e1s, solo califican los dividendos distribuidos por entidades legales que residen en Aruba.<\/p>\n
Ahora podemos informarle que esta pol\u00edtica fiscal beneficiosa se ha extendido por un a\u00f1o. En consecuencia, los dividendos distribuidos en 2020 a partir de las reservas de ganancias que surgieron antes de fin de a\u00f1o de 2019 estar\u00e1n sujetos a la tasa reducida del impuesto sobre la renta personal del 10% tambi\u00e9n.<\/p>\n
Adem\u00e1s, el viernes pasado se public\u00f3 una nueva pol\u00edtica fiscal beneficiosa que prev\u00e9 una tasa reducida del 10% para la compra de pensi\u00f3n acumulado. El gobierno anunci\u00f3 al mismo tiempo que planea eliminar gradualmente las posibilidades de pensiones por cuenta propio (es decir, acumular una pensi\u00f3n en la propia empresa). En previsi\u00f3n de ese cambio, las compras de pensiones entre el 1 de enero de 2020 y el 30 de junio de 2020 se gravar\u00e1n con una tasa reducida. Ser\u00e1n posibles compras durante la segunda mitad de 2020, sujeto a la tasa impositiva actual del 25%. A partir de 2021, los valores de compra ser\u00e1n gravados a la tasa progresiva, que en la mayor\u00eda de los casos dar\u00e1 como resultado una tasa impositiva efectiva m\u00e1s alta.<\/p>\n
La tasa impositiva reducida se aplica a las compras tanto de los derechos de pensi\u00f3n acumulados como de las pensiones que ya se est\u00e1n retirando, independientemente de si se acumularon bajo planes de pensi\u00f3n por cuenta propio o con una aseguradora profesional (excepto cuando no se permite la compra). La tasa reducida conlleva una serie de condiciones. Por ejemplo, el valor de compra debe recibirse a efectos fiscales entre el 1 de enero de 2020 y el 30 de junio de 2020, y el impuesto sobre los salarios y las contribuciones a la seguridad social deben pagarse a tiempo. Adem\u00e1s, los principios para calcular el valor de compra deben ser aceptables a efectos fiscales. No est\u00e1 permitido comprar derechos de pensi\u00f3n para a\u00f1os anteriores de servicio ni dar aumentos salariales para aumentar el valor de compra y as\u00ed beneficiarse de la tasa impositiva m\u00e1s baja. Adem\u00e1s, se debe solicitar la aprobaci\u00f3n del Inspector de Impuestos para aplicar la tasa reducida a efectos de impuestos salariales.<\/p>\n
Saludos,<\/p>\n","protected":false},"excerpt":{"rendered":"
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