Dear client,<\/p>\n
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. However, for specific payments, taxpayers may file a request to be taxed at a fixed rate of 25%. This applies to severance payments also. The fixed rate is favorable if the standard tax using the simplified income brackets would result in a higher effective tax rate.<\/p>\n
On March 19, 2019, the Minister of Finance, Economic Affairs and Culture has approved a beneficial policy allowing severance payments to be taxed at a reduced fixed rate of 15%. This was published in the Aruba National Gazette (Landscourant). The reduced rate applies to severance payments made in 2019.
\n However, it does not apply to severance payments made by legal entities in which the dismissed employee has or had a substantial shareholding (i.e., 25% or more). <\/p>\n
The reduced fixed rate for severance payments initially applies for personal income tax purposes only. However, the Tax Authorities generally allow employers to withhold wage taxes (which is a pre-levy to the personal income tax) at the fixed rate also, if the request for application of that fixed rate has been approved. We assume that this will similarly apply to the reduced 15% rate.<\/p>\n
The fixed rate applies for tax purposes only, and does not extend to social security premiums. These premiums are levied on top of the tax on the severance payments (insofar as the total annual income does not exceed the maximum income for social security premiums purposes).<\/p>\n
Please let us know if you have any questions regarding the above or otherwise.<\/p>\n
Regards,<\/p>\n
Estimado cliente,<\/p>\n
El a\u00f1o pasado le informamos sobre los nuevos tramos de ingresos simplificados, con una tasa impositiva m\u00e1xima del 52%, y el aumento de la suma libre de impuestos a AWG 27,751. Estas nuevas reglas se aplican a varias fuentes de ingresos, incluidos todos los ingresos del empleo. Sin embargo, para pagos espec\u00edficos, los contribuyentes pueden presentar una solicitud de impuestos a una tasa fija del 25%. Esto se aplica tambi\u00e9n a las indemnizaciones por despido. La tasa fija es favorable si el impuesto est\u00e1ndar que utiliza los tramos de ingresos simplificados resultar\u00eda en una tasa impositiva efectiva m\u00e1s alta.<\/p>\n
El 19 de marzo de 2019, el Ministro de Finanzas, Asuntos Econ\u00f3micos y Cultura aprob\u00f3 una pol\u00edtica beneficiosa que permite que las indemnizaciones por despido se graven a una tasa fija reducida del 15%. Esto fue publicado en la Gaceta Nacional de Aruba (Paisajista). La tasa reducida se aplica a las indemnizaciones por despido efectuadas en 2019. Sin embargo, no se aplica a las indemnizaciones por despido efectuadas por entidades jur\u00eddicas en las que el empleado despedido tiene o tuvo una participaci\u00f3n sustancial (es decir, el 25% o m\u00e1s).<\/p>\n
La tasa fija reducida para pagos de indemnizaci\u00f3n inicialmente se aplica solo para fines del impuesto a la renta personal. Sin embargo, las Autoridades Tributarias generalmente permiten que los empleadores retengan los impuestos salariales (que es un gravamen previo al impuesto a la renta personal) tambi\u00e9n a la tasa fija, si se ha aprobado la solicitud de aplicaci\u00f3n de esa tasa fija. Suponemos que esto se aplicar\u00e1 de manera similar a la tasa reducida del 15%.<\/p>\n
La tasa fija se aplica solo para fines fiscales y no se extiende a las primas de seguridad social. Estas primas se aplican adem\u00e1s del impuesto sobre las indemnizaciones por despido (en la medida en que el ingreso anual total no excede el ingreso m\u00e1ximo para los fines de las primas de seguridad social).
\n Por favor, h\u00e1ganos saber si tiene alguna pregunta.<\/p>\n
Saludos,<\/p>\n","protected":false},"excerpt":{"rendered":"
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