The Curaçao tax administration has published the applicable tax rates for 2016. The changes are as follows:
- Corporate tax rate reduced from 25% to 22%; and
- Individual income tax rates and bracket thresholds are generally reduced overall as follows:
- up to ANG 30,000 - 9.75%
- over ANG 30,000 up to 40,000 - 15%
- over ANG 40,000 up to 60,000 - 23%
- over ANG 60,000 up to 85,000 - 30%
- over ANG 85,000 up to 125,000 - 37.5%
- over ANG 125,000 - 46.5%
The changes apply from 1 January 2016.