Newsflash Beneficial Policy part 2

The Government of Aruba (‘GOA’) recently announced a so-called ‘beneficial policy’ on January 4, 2013, which includes amendment of certain taxes in anticipation of the amendment of the respective State Ordinances. On July 1, 2013 the GOA published a second beneficial policy which includes clarification of the prior beneficial policy and also approves further amendments of certain taxes in anticipation of the amendment of the respective State Ordinances. The beneficial policy is effective as of July 1, 2013 unless otherwise stated in the policy.