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8                                                             AWEMainta                                              Diahuebs, 28 Juni 2018




                                                               Hulanda preocupa

        P’e contrabanda di arma di candela y municion for di Venezuela pa Aruba




       HULANDA ta masha  su mes cu un cantidad
       preocupa  encuanto  e  di                migrantenan
       trafico y contrabanda  Venezolano,  cu  kier
       di  arma  di  candela  drenta Aruba.
       Venezolanopa            cu
       Aruba      y     Corsou. Te awor autoridadnan
       Esaki a  ser  deduci  Hulandes  no  tin  cifra

       for  di  contestanan cu  di cuanto Venezolano
       Secretario  di  Estado,  a         drenta       Aruba,
       Raymond Knops a  pero  ta  Presidente  di
       duna riba preguntanan  Parlamento,  mr.  Ady
       haci p’e miembro di  Thijsen a declara  cu
       Tweede      Kamer       pa sigur Aruba tin como
       VVD, Andre Bosman.           10  mil Venezolano

                                    bibando ilegalmente.
       Enberdad       a     keda Unda e Presidente di
       confirma cu tin masha  Parlamento  a  haya e
       arma  di  candela  den  cifra aki, no ta conoci.
       circulacion na Corsow
       como  na Aruba, cu
       banda di traficacion di
       hende, nan ta dedica            OFFICIAL NOTIFICATION
       na    contrabanda       di

       arma di candela.                Turnover taxes BBO, BAVP and BAZV
       Den e prome mitar di e
       aña aki, masha arma di
       candela y municion  a          The Aruba Tax Department hereby reports that recently the Parliament of Aruba passed a legislative bill
       ser confisca na Corsou         entitled “introduction of a crisis levy and other tax measures”, which provides for amendments to a
       y na Aruba y esaki             number of tax ordinances. The most important amendments are summarized below and are scheduled to
                                      enter into force on July 1, 2018.
       tin  Hulanda  masha

       preocupa.                      Turnover tax (BBO, BAZV and BAVP)
                                      Subject to turnover tax (“Belasting op bedrijfsomzetten”),  abbreviated as BBO, and health tax (“Bestem-

       Otro preocupacion di           mingsheffing AZV”), abbreviated as BAZV, are entrepreneurs that in the course of their enterprise supply
       Andre  Bosman  tin  ta         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
       debi na expresionnan           set on 1.5% for the BBO and 2% for the BAZV. Please be informed that although they are different tax
       haci      pa       Prome       types, their tax base and other characteristics are similar.
       Minister di Aruba,
       Evelyn      Wever-Croes        As of July 1, 2018 a PPP projects additional funding tax (“Belasting additionele voorzieningen
       den su entrevista haci         PPS-projecten”) has been introduced at a tax rate of 1.5%. This tax type can be abbreviated as BAVP.

       cu NRC Handelsblad,            The existing BAZV tax rate has been adjusted as of July 1, 2018 to 3% and would therefore bring the total
       ora e mandatario  a            turnover taxes such as BBO, BAZV and BAVP to 6%.
       declara cu Aruba lo por
       bira un di dos Syria,          Turnover tax is payable by the business supplying the good or service. In practice, this can cause
                                      complications for foreign businesses, given their limited presence in Aruba. These complications will be
       debi     n’e    cantidad       partially eliminated with the introduction of the possibility for the Minister in charge of finance to determine
       di          migrantenan        that in some cases the BBO/BAZV/BAVP will not be payable by the foreign business, but by the domestic
       Venezolano por  ser            client (“reverse-charge mechanism”).

       spera.
       Gobierno Hulandes a            On a final note. The exemptions for particular services supplied by banks and for forming and performing
                                      insurance contracts has been revoked. However, this does not extend to pension or life insurance
       desmenti e declaracion         contracts.
       aki di Prome Minister
       Evelyn      Wever-Croes
       y sigur no ta kere cu          THE ARUBA TAX DEPARTMENT
       Aruba por  bay haya            June 27, 2018
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