Beneficial Policy 2013

The Government of Aruba (‘GOA’) recently announced a so-called ‘beneficial policy’, which includes amendment of certain taxes and the purchasing power compensation (in Dutch ‘reparatietoeslag’) in anticipation of the amendment of the respective State Ordinances. The beneficial policy is effective as of January 1, 2013, and is the result of among others the so-called social dialogues held in 2012 regarding the utilities policy and taxes. We also refer in this respect to our latest newsflash named ‘Proposed tax reforms Aruba’.