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 u…