Curaçao's Inspectorate of Taxes has published English-language guidance on Country-by-Country (CbC) reporting. The guidance provides a detailed review of Curaçao's CbC reporting requirements, which apply for reporting fiscal years beginning on or after 1 January 2018 for MNE groups with consolidated group revenue of ANG 1.5 billion or more in the preceding year (previous coverage).
The guidance also briefly covers the submission of CbC reports, including that an online application for electronic submission will be launched in 2019, which will be in English. Until the full reporting process has been digitalized, however, CbC reports are to be submitted to the Tax Authorities using a document published on the Inspectorate of Taxes website (Excel document - CbC reporting). The notification process will also be digitalized, but until that is ready, an e-mail can be sent to the Inspectorate of Taxes for the notification (email provided: email@example.com).
Note - Curaçao's CbC reporting requirements include secondary local filing for non-parent constituent entities, which are covered in the guidance. However, a separate notice was issued earlier in March that these requirements will not apply until further notice (previous coverage).
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