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Changes in the Health Levy and the AZV premium

Published: 07-01-2015

Recently the Parliament of Aruba passed an amendment, in connection with the 2015 budget of the Government of Aruba, to increase the so-called Health levy rate (in Dutch abbreviated ‘BAZV’) and to decrease the general health insurance (in Dutch abbreviated ‘AZV’) premium for employees.



Algemene Bestedings Belasting

Published: 06-24-2015

Dit memo geldt voor de BES eilanden. In dit memo bespreken wij een aantal belangrijke aspecten van de ABB.



Exemption in the Real Estate tax

Published: 06-24-2015

This fact sheet applies to the BES islands. In this fact sheet we discuss the exemption that applies with regard to the appreciation of your real estate in case a new building has been built, or an existing building has been remodeled or improved, or in case extensions have been made to the building.



Vrijstelling waardestijging vastgoedbelasting

Published: 06-24-2015

Deze tax news is van toepassing voor de BES eilanden. In deze nieuwsflits bespreken wij de vrijstelling die geldt voor de waardestijging van een onroerende zaak als u een nieuw pand heeft laten bouwen, iets heeft laten bijbouwen, verbeteringen heeft aangebracht of gerenoveerd heeft.



Basic Health Care Insurance Curaçao

Published: 06-23-2015

The different ways in which most people were insured for medical expenses are now united under the Basic health care insurance. (BVZ). In general, those who have private health care insurance are exempted from BVZ.



Basis verzekering ziektekosten en wijzigingen AOV

Published: 06-23-2015

Het stelsel van ziektekosten op Curaçao is met ingang van 1 februari 2013 grondig gewijzigd.



Besloten vennootschap

Published: 06-22-2015

De naamloze vennootschap (of: n.v.) en de besloten vennootschap (of: b.v.) zijn de meest voorkomende rechtsfiguren voor bedrijfsactiviteiten. Daarbij verdient opmerking dat hoewel de vorm van deze n.v. en b.v. in grote mate overeenkomt met de n.v. en de b.v. naar Nederlands recht, de hier besproken vennootschappen zijn opgericht naar het burgerlijk recht van Curaçao, St. Maarten of de BES eilanden.



Controle en informatieplicht

Published: 06-22-2015

De termijn voor het opleggen van navorderingsaanslagen, en naheffingsaanslagen vervalt in beginsel na vijf jaar na het einde van het desbetreffende boekjaar. Om die reden streeft de belastingdienst ernaar binnen die periode een boekenonderzoek in te stellen.



Eigen woning en de fiscus

Published: 06-22-2015

Deze informatie is van toepassing voor Curaçao en de BES eilanden.Als u een eigen woning heeft gekocht, kunt u in het jaar van aankoop een aantal eenmalige kosten aftrekken.



Eigen woning en de fiscus

Published: 06-22-2015

Deze informatie is van toepassing voor St. Maarten en de BES Eilanden.Als u een eigen woning heeft gekocht, kunt u in het jaar van aankoop een aantal eenmalige kosten aftrekken.



Emigratie van een aanmerkelijk belanghouder

Published: 06-22-2015

Deze informatie is van toepassing voor Curaçao. In dit memo wordt de fiscale gevolgen besproken van een aanmerkelijk belanghouder die emigreert.



Emigratie van een aanmerkelijk belanghouder

Published: 06-22-2015

Deze informatie is van toepassing voor St. Maarten. In dit memo wordt de fiscale gevolgen besproken van een aanmerkelijk belanghouder die emigreert.



De ex-patriate regeling Curaçao

Published: 06-22-2015

De regeling is bedoeld voor ex-patriates; werknemers die voorafgaand aan de aanvaarding van een lokale dienstbetrekking voor een periode van ten minste 5 jaren in het buitenland hebben gewoond.



De ex-patriate regeling St. Maarten

Published: 06-22-2015

De regeling is bedoeld voor ex-patriates; werknemers die voorafgaand aan de aanvaarding van een lokale dienstbetrekking voor een periode van ten minste 5 jaren in het buitenland hebben gewoond.



Ex-patriates regulation Curaçao

Published: 06-22-2015

The regulation is meant for ex-patriates; employees who resided for a period of at least 5 years in a foreign country prior to their employment.



Ex-patriate regulation St. Maarten

Published: 06-22-2015

The regulation is meant for ex-patriates; employees who resided for a period of at least 5 years in a foreign country prior to their employment.



E-zones

Published: 06-22-2015

Deze tax news is van toepassing voor Curaçao. Op de BES eilanden is het mogelijk om in aanmerking te komen voor een handel- en dienstenentrepot, maar dat is in de praktijk een geheel ander regime dan de Curaçaose e-zone.



Fictief rendement in de inkomstenbelasting

Published: 06-22-2015

Deze informatie is van toepassing voor Curaçao. Indien u aandelen in een buitenlandse beleggingsmaatschappij of een vrijgestelde vennootschap houdt, bent u inkomstenbelasting verschuldigd over een door u aan te geven fictief rendement.



Fictief rendement in de inkomstenbelasting

Published: 06-22-2015

Deze informatie is van toepassing voor St. Maarten en de BES Eilanden. Indien u aandelen in een buitenlandse beleggingsmaatschappij of een vrijgestelde vennootschap houdt, bent u inkomstenbelasting verschuldigd over een door u aan te geven fictief rendement.



Guidelines Investors Permit

Published: 06-22-2015

The goal of the Guidelines Investors Permit is to facilitate the investment in Curaçao (among others, purchase of real property or making a business investment) by high net worth foreigners, thus contributing to our economy.



Penshonado Curaçao

Published: 06-19-2015

This tax news applies to Curaçao. St. Maarten also has a penshonado regulation but as the tax rates and premiums are different from those on Curaçao we have published a separate tax news for the penshonado regulation of St. Maarten.



Penshonadoregeling Curaçao

Published: 06-19-2015

Deze tax news is van toepassing voor Curaçao. Op St. Maarten geldt ook een penshonadoregeling. Voor informatie over de penshonadoregeling op St. Maarten hebben wij een aparte tax news voor u beschikbaar.



Penshonadoregeling St. Maarten

Published: 06-19-2015

Deze tax news is van toepassing voor St. Maarten. Op Curaçao geldt ook een penshonadoregeling. Voor informatie over de penshonadoregeling op Curaçao hebben wij een aparte tax news voor u beschikbaar.



Penshonado St. Maarten

Published: 06-19-2015

This tax news applies to St. Maarten. Curaçao also has a penshonado regulation but as the tax rates and premiums are different from those on St. Maarten we have published a separate tax news for the penshonado regulation of Curaçao.



Investment incentives Curaçao

Published: 06-19-2015

A number of investment incentives have been devised to stimulate prospective investors to start new business ventures on Curaçao.



Investment Incentives Sint Maarten

Published: 06-19-2015

A number of investment incentives have been devised to stimulate prospective investors to start new business ventures on St. Maarten.



Sales Tax, pricing, invoices and sales receipts

Published: 06-19-2015

There are specific requirements with regard to the listing of consumer prices in general and the manner in which sales tax is shown on cash register receipts and invoices.



Omzetbelasting: Prijsaanduiding en factuureisen

Published: 06-19-2015

In deze nieuwsflits bespreken wij per wanneer aan welke verplichtingen moet worden voldaan.



Spelregels tijdens een belastingcontrole

Published: 06-19-2015

Deze tax news is van toepassing voor Aruba, Curaçao, St. Maarten en de BES eilanden. Hierbij verdient opmerking dat op de BES eilanden geen winstbelasting wordt geheven, maar daartegenover de juistheid van de aangegeven opbrengstbelasting en de Algemene bestedingsbelasting onderwerp van onderzoek kunnen zijn.



Stichting Particulier Fonds St. Maarten

Published: 06-19-2015

Het doel van dit memorandum is om inzicht te geven over de praktische toepassingsmogelijkheden van een Stichting Particulier Fonds (hierna: SPF), bezien vanuit fiscale optiek.



Real Estate St. Maarten

Published: 06-18-2015

This memo comprises an overview of the tax aspects relating to renting real estate in St. Maarten. It is not intended to be comprehensive and consequently should only be relied on as an introduction to general tax matters relating to renting real estate.



Private Foundation Curaçao

Published: 06-18-2015

This memorandum aims to present practical possibilities to make use of a Private Foundation, in Dutch: Stichting Particulier Fonds. (hereinafter: SPF) and a Curaçao Trust from a fiscal point of view.



Private Foundation St. Maarten

Published: 06-18-2015

This memorandum aims to present practical possibilities to make use of a Private Foundation, in Dutch: Stichting Particulier Fonds. (hereinafter: SPF) from a fiscal point of view.



Tax Revisions 2015

Published: 06-16-2015

As of January 1st 2015 a great number of amendments to the tax laws have taken effect.



The export regime of Curaçao

Published: 06-15-2015

Curaçao offers an export regime for companies that focus on international trade and services



Tonnage tax Sint Maarten

Published: 06-15-2015

This tax news applies to Sint Maarten. The tonnage tax was introduced in the year 1987.



Tonnage Tax

Published: 06-15-2015

The tonnage tax was introduced in the year 1987. Most important characteristic of the tonnage tax is that profit gained with shipping activities is taxed on a fixed basis.



Scheepstonnage St. Maarten

Published: 06-15-2015

Deze tax news is van toepassing voor St. Maarten.



Onroerende zaak belasting

Published: 06-15-2015

Per 1 januari 2014 is de grondbelasting vervangen door de nieuwe onroerendezaakbelasting (OZB).



Scheepstonnage Curaçao

Published: 06-15-2015

De Scheepstonnagebelasting werd ingevoerd in het jaar 1987. Belangrijkste kenmerk van de tonnagebelasting is dat op forfaitaire wijze de met zeescheepvaart behaalde winst wordt belast. Deze heffing heeft een belangrijke rol vervuld voor Curaçao als vestigingsplaats van scheepvaartbedrijven.



Stichting Particulier Fonds en Curaçaose trust

Published: 06-12-2015

Een SPF is een bijzondere vorm van de stichting.



The Limited Liability Company

Published: 06-12-2015

The limited liability company either private (besloten vennootschap or: the “b.v.”) or public (naamloze vennootschap or: the “n.v.”) is the most common legal vehicle for business operations.



New VAS system for the corporate income tax

Published: 05-26-2015

New VAS system for the corporate income tax



The new CBA exchange rate margin levy

Published: 04-17-2015

The newly introduced exchange rate margin levy of the CBA.



Fiscal Law book 2015

Published: 02-25-2015

Our publication Fiscal Law Book 2015 is now available. This publication contains the most important and up-to-date tax legislation of Curaçao and St. Maarten, the BES islands and Aruba. As of 1 January 2015, many important changes have been introduced in the tax laws of Aruba and Curaçao.



Annual requirements capital companies

Published: 02-12-2015

In this newsflash we will focus on the topics related to: financial statements and shareholder’s registry



The new 'health levy' - Part 3

Published: 01-29-2015

As we informed you in our previous newsflashes, the so-called ‘health levy’ (official name in Dutch: Bestemmingsheffing Algemene Ziektekosten Verzekering ‘BAZV’) was introduced on December 1, 2014. Recently the Tax Authorities issued a new press release on this levy.



Belastingherziening 2015

Published: 01-06-2015

Per 1 januari 2015 zijn een groot aantal wijzigingen doorgevoerd in de belastingwetgeving.



Amendments of social security premiums on Aruba

Published: 01-05-2015

In this newsflash we will inform you of the further application of the amendments of the Old Age Pension (AOV) premium in 2015.



Introduction further appeal in tax cases and changes in the tax litigation procedure in first instance

Published: 12-17-2014

In this newsflash we will elaborate on the key elements of the abovementioned State Ordinance.



Year End Tips 2014

Published: 12-12-2014

In this newsflash we will provide you with tips and tax planning opportunities still possible to manage your tax matters for the year 2014 and prepare for 2015. In this newsflash the focus is on private wealth, corporate income tax, turnover tax, health levy, dividend withholding tax, wage tax and social security premiums.



Amendments regarding the state ordinances Income tax, wage tax and general taxes

Published: 12-08-2014

In this newsflash we will elaborate on the abovementioned changes and the dates of implementation of these changes. Furthermore we will inform you about the income- and wage tax table that will apply for the year 2015.



The new 'health levy'

Published: 11-25-2014

On November 25, 2014 the Parliament of Aruba passed the State Ordinance of the so-called ‘health levy' (official name in Dutch: Bestemmingsheffing Algemene Ziektekosten Verzekering ‘AZV’).



The new 'health levy' - Part 2

Published: 11-25-2014

As we informed you in our previous newsflash, on November 25, 2014 the Parliament of Aruba passed the State Ordinance of the so-called ‘health levy’ (official name in Dutch: Bestemmingsheffing Algemene Ziektekosten Verzekering ‘BAZV’) which entered into force on December 1, 2014. Recently the tax authorities issued a press release on this new levy.



Corporate Income Tax 2013

Published: 11-12-2014

The tax authorities issued the corporate income tax returns 2013 with the date of September 15, 2014.



Report Environmental Sustainability Ranking Caribbean 2014

Published: 10-30-2014

During the ‘Green Aruba: where Europe meets the Americas’ conference 2014, PwC presented the results of the first Caribbean Environmental Sustainability Ranking. In this report, the details of our research are presented.



Proposal introduction of a Health Tax

Published: 08-22-2014

In the month of July 2014 the Government of Aruba together with the social partners in Aruba held a Social Dialogue on the General Health Insurance, in Dutch: Algemene Ziektekosten Verzekering (hereinafter: AZV).



Integrity as a precondition for trust and high performance of organizations

Published: 08-13-2014

Do your employees fully contribute to optimize your organization’s performance and build trust for your clients?



Personal Income tax return 2013

Published: 07-21-2014

The tax authorities will soon issue the personal income tax returns 2013 for Aruban residents.



Trust and SPF

Published: 07-02-2014

In 2011, the Curaçao trust was introduced. It is now possible to establish a trust on Curaçao. The Curaçao trust is an alternative for those more familiar with the trust than the Private Foundation (SPF).



IPC regime for hotels

Published: 06-30-2014

On June 21, 2013, the GOA announced beneficial policy, which includes the reform of the Imputation Payment Company (‘IPC’) regime hereinafter ‘the new IPC regime’. In this newsflash we will discuss the additional requirements for the application of the new IPC regime for hotels.



Belastingregeling Nederland - Curaçao

Published: 06-25-2014

De belastingregeling voor het Koninkrijk regelt de heffingsbevoegdheid tussen de landen van het Koninkrijk.



Tax Arrangement Netherlands - Curaçao Newsflash

Published: 06-25-2014

The Tax Arrangement for the Kingdom regulates the right to tax between the countries of the Kingdom of the Netherlands. Until 10 October 2010 these were the Netherlands, Aruba and the Netherlands Antilles.



Pensioenregeling

Published: 04-08-2014

Deze tax news is van toepassing voor Curaçao, St. Maarten en de BES eilanden.



Assurance Penetration Testing

Published: 04-04-2014

Are you satisfied that your network is adequately secured against a malicious hacker? Would your externally-facing systems stand up to an attack? Is your network leaking confidential information into the public domain?



Pension regulation

Published: 04-01-2014

This tax news applies to Curaçao, St. Maarten and the BES Islands.



Tax Reforms Aruba 2013

Published: 03-27-2014

The Government of Aruba (‘GOA’) and representatives of the employers-, and employees organizations have been discussing during the last couple of months the tax reform for Aruba.



Corporate Law

Published: 03-19-2014

The legislation with regard to legal entities under private law (such as the foundation and the limited liability company) has been regulated in Book 2 of the Civil Code (“CC”) of Curaçao, respectively St. Maarten and the BES islands



Fictitious employment, identification of employees

Published: 03-13-2014

Individuals performing activities who receive commissions as well as a fixed remuneration are considered to be fictitiously employed by the party paying for these services.



Fiscal benefits of a savings fund

Published: 03-13-2014

An employer may provide certain allowances in the labor relation with his employees. In this newsflash we will provide you with information on the wage tax implications with regard to Fringe Benefits provided to employees.



Fringe benefits

Published: 03-13-2014

An employer may provide certain allowances in the labor relation with his employees. In this newsflash we will provide you with information on the wage tax implications with regard to Fringe Benefits provided to employees.



Travel Promotion Levy

Published: 03-13-2014

In this newsflash we inform you on the introduction of the TPL as per July 1, 2012. Subjects of this tax are airlines, and the levy is charged on the transportation of air passengers. The levy does not apply to cruise tourists.



From FATCA to GATCA

Published: 02-24-2014

On February 13, 2014 the OECD has presented a report on a global standard for the automatic exchange of tax information between countries.



General expenditure tax

Published: 02-03-2014

The islands of Bonaire, St. Eustatius and Saba, hereinafter referred to as the BES islands, but also sometimes called the Caribbean Netherlands, are public bodies of the Netherlands but have their own tax regime, in some ways substantially different from that of the Netherlands.



Real estate tax and revenue tax

Published: 02-03-2014

The islands of Bonaire, St. Eustatius and Saba, hereinafter referred to as the BES islands, but also sometimes called the Caribbean Netherlands, are public bodies of the Netherlands but have their own tax regime, in some ways substantially different from that of the Netherlands.



Entry into force new and amended legislation

Published: 01-30-2014

In this newsflash we will inform you on the date of entry into force of the new and amended state ordinances as published in the Official Gazette of Aruba.



Individual income- and wage tax table 2014

Published: 01-17-2014

Every year the Government of Aruba (‘GOA’) amends the individual income- and wage tax table as described in article 24 of the State Ordinance Income Tax. The amendments in the table are due to inflation adjustments calculated by the Central Bureau of Statistics of Aruba.



Amendments of social security premiums on Aruba

Published: 01-13-2014

During the Social Dialogue of November 2013, some of the social partners and the Government of Aruba (‘GOA’) agreed to amend the Old Age Pension / Widow and Orphans Pension insurance premium (‘AOV/AWW’).



Managing Risk - The New COSO IC-IF

Published: 12-17-2013

In May 2013 The Committee of Sponsoring Organizations (COSO) has presented the long awaited update of their international control framework. In the early nineties PwC was closely involved in the development of the original COSO framework and has also played a major role in the development of the new framework.



Tax changes for the hotel and lodging sector in Aruba - part 3

Published: 12-10-2013

On November 19, 2013 the Government of Aruba (hereinafter ‘GOA’) approved the special tax on rental vehicles. With the introduction of the special tax on rental vehicles, other regulations of the beneficial policy 2013 have come into force at the moment the special tax was approved by the GOA.



Tax changes for the hotel and lodging sector in Aruba - part 2

Published: 11-22-2013

In this newsflash we will inform you about the tourist levy package for the period August up to December 2013 and the so-called ‘environmental tax’ package 2013



PwC Leadership Academy 2014

Published: 10-25-2013

Individual growth leads to Organizational growth



Business Guide 2013

Published: 10-08-2013

This guide has been designed for those who may be considering the establishment of a business in the Dutch Caribbean. It concisely describes the investment climate and business conditions on the islands.



Global Trends in information security

Published: 09-03-2013

This newsflash contains the global trends in information security. It is based on the Global State of Information Security® Survey (GSIS) 2013.



Reform of the Imputation Payment Company (IPC)

Published: 08-21-2013

During the Social Dialogue (August 21, 2012 - November 9, 2012), social partners and the Government of Aruba (‘GOA’) agreed to introduce a new fiscal regime and adjust existing tax rules in order to promote the investment climate in Aruba. On June 21, 2013, the GOA announced beneficial policy, which includes the reform of the Imputation Payment Company (‘IPC’) regime.



Ondernemingsrecht

Published: 08-20-2013

De strafrechtelijke en overige publiekrechtelijke regelingen (zoals de toezichtregels van de Centrale Bank) zijn niet in dit overzicht genoemd. Indien uw bedrijf onder toezicht van de Centrale Bank valt, zijn er nadere regels voor uw bedrijf



Stichting Particulier Fonds

Published: 08-20-2013

Het doel van dit memorandum is om inzicht te geven over de praktische toepassingsmogelijkheden van een Stichting Particulier Fonds (hierna: SPF), bezien vanuit fiscale optiek.



The new expat regulation Aruba

Published: 08-09-2013

The promotion of investments, including the creation of a knowledge-based economy, is one of the action points arising from the economic action plan of the Government for the years 2011 through 2013.



Special Zone San Nicolas

Published: 08-02-2013

During the Social Dialogue, held in the period of August 21, 2012 and November 9, 2012, Social partners and the Government of Aruba (“GOA”) agreed to introduce new tax products to promote the investment climate in Aruba.



Newsflash Beneficial Policy part 2

Published: 07-15-2013

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.



New requirements for capital companies

Published: 06-05-2013

Beginning of last year we issued a newsflash regarding the ‘Changes in the corporate law of Aruba’. The law regulating these changes came into force as per February 1, 2012.



Economic zone or E-zone

Published: 03-19-2013

This tax news applies to Curaçao.On the BES islands it is possible to apply for the trade and warehousing regulation, but that is basically a different regime than the Curaçao E-zone.



Deduction of donations

Published: 03-13-2013

Donations made to religious, charity, cultural, academic and public utility institutions established in Aruba have always been deductible for the Aruba income tax and corporate income tax.



Imputation Payment Company

Published: 03-13-2013

The Imputation Payment Company (hereinafter: IPC) is in principle an ordinary limited liability company (N.V) that pays the regular corporate income tax rate of 28%.



International transportation no longer exempt

Published: 03-13-2013

As of January 1, 2008 the profit realized by companies regarding the international transportation of passengers and goods is subject to 28% corporate income tax on Aruba. For non-resident companies it is now important to determine whether they have a permanent establishment on Aruba.



Land Tax 2012

Published: 03-13-2013

The Aruba tax authorities has recently issued 2012 final Land Tax assessments. In this newsflash we would like to inform you on your rights and obligations concerning 2012 final Land tax assessment. 



Tax changes for the hotel and lodging sector in Aruba

Published: 01-14-2013

During the social dialogue held in the period of August 21 up to November 9, 2012, the Government of Aruba (‘GOA’) and the social partners agreed on different tax reforms items. One of which was to reform taxes in a way that the quality of Aruba as a tourist product would be promoted, conserved and improved. Besides some tax beneficial items, other (revenue generating) tax measures were also to be introduced.



Beneficial Policy 2013

Published: 01-08-2013

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.



Aircraft registry of Aruba

Published: 03-29-2012

Tax planning is a fundamental part of the process of structuring a deal. Our team of enthusiastic and expert tax lawyers and tax consultants has extensive expertise in assisting clients with tax issues related to the registration of aircrafts in Aruba.



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