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Aruba's Second Phase Fiscal Reform Plans

|Proposed Changes|Aruba
Aruba

Aruba's tax authority, together with the Ministry of Finance, reportedly held stakeholder meetings on 4 and 5 September 2019 to present the measures of the second phase of the government's fiscal reform plans. Planned measures include the following from 1 January 2020:

  • The introduction of business turnover tax (BBO) at a rate of 6% on imported goods that is payable at import, with a possible deduction for wholesalers from BBO payable in their monthly return;
  • The introduction of withholding t…

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