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Diabierna, 29 Juni 2018 AWEMainta 13
Homber problematico deteni
Diahuebs mainta OFFICIAL NOTIFICATION
trempan 7:15 polis a
wordo manda un adres Turnover taxes BBO, BAVP and BAZV
conoci pa nan pabou di
rotonde Dadelstraat.
E adres ya conoci The Aruba Tax Department hereby reports that recently the Parliament of Aruba passed a legislative bill
pa nan, unda algun entitled “introduction of a crisis levy and other tax measures”, which provides for amendments to a
rato prome polis ya number of tax ordinances. The most important amendments are summarized below and are scheduled to
a bay hala atencion enter into force on July 1, 2018.
di e homber. Elo saca Turnover tax (BBO, BAZV and BAVP)
varios pertenencia di e Subject to turnover tax (“Belasting op bedrijfsomzetten”), abbreviated as BBO, and health tax (“Bestem-
señora pafo. E homber mingsheffing AZV”), abbreviated as BAZV, are entrepreneurs that in the course of their enterprise supply
asina mes despues goods or render services in Aruba. The taxable base consists of all remunerations (in cash or in kind)
received by the entrepreneur for the supply of goods or the rendering of services in Aruba. The tax rate is
cu polis a bay a sigui set on 1.5% for the BBO and 2% for the BAZV. Please be informed that although they are different tax
cu problema, caso cu types, their tax base and other characteristics are similar.
sa pasa hopi despues As of July 1, 2018 a PPP projects additional funding tax (“Belasting additionele voorzieningen
polisnan bandona e PPS-projecten”) has been introduced at a tax rate of 1.5%. This tax type can be abbreviated as BAVP.
sitio. Mainta mirando
cu e homber lo no bay The existing BAZV tax rate has been adjusted as of July 1, 2018 to 3% and would therefore bring the total
stop di haci problema turnover taxes such as BBO, BAZV and BAVP to 6%.
polisnan a sali mes ora Turnover tax is payable by the business supplying the good or service. In practice, this can cause
cu transportwagen. complications for foreign businesses, given their limited presence in Aruba. These complications will be
Agentenan a baha y partially eliminated with the introduction of the possibility for the Minister in charge of finance to determine
that in some cases the BBO/BAZV/BAVP will not be payable by the foreign business, but by the domestic
bay paden y un rato client (“reverse-charge mechanism”).
despues por a miranan
ta sali cu e homber den On a final note. The exemptions for particular services supplied by banks and for forming and performing
boei. insurance contracts has been revoked. However, this does not extend to pension or life insurance
contracts.
Ela wordo transporta
pa warda, pa wak si
asina e por calma. Ora THE ARUBA TAX DEPARTMENT
e sali bek, por sigui June 27, 2018
spera mas problema.
