Page 31 - DIARIO 21MAY15

DIAHUEBS 21 MEI 2015
Reforma fiscal ta crucial pa desaroyo economico
Introduction CIT General expenditure tax Import and Excise duties Personal income and wage tax Other taxes
Corporate income tax and related laws
1 Main points
 VAS system corporate income
tax
(in 2015 for taxable year 2014)
 Corporate income tax 25%
(1 january 2016)
 Rulingpolicy
(1 january 2016)
 Special regimes (0% of 10%):
(1 january 2016)
• Captive insurance
• Smart Industry
• Export Regime
• Foundation equity funds,
Private equity.
• Investing, financing and
renewable energy etc.
Belastingcommissie
Introduction CIT General expenditure tax Import and Excise duties Personal income and wage tax Other taxes
General expenditure tax
Foto: www.aruba.com
Belastingcommissie
Segun ATIA den su nota a
duna su opinion encuanto
reforma fiscal, cu segun e
entidad, esaki ta crucial pa
crecemento economico y cre-
acion di empleo na Aruba, cu
ta nifica cu Aruba mester bay
mehora su sistema di belast-
ing. Den esaki mester shift
belasting directo pa indirecto
y ta propone pa introduci e
sistema VAS (Voldoening op
Aangifte Systeem). E benifi-
co di e sistema aki gobierno
no mester warda riba emision
DIARIO PAGINA 31
Introduction CIT General expenditure tax Import and Excise duties Personal income and wage tax Other taxes
VAS corporate income tax returns
• VAS tax returns for corporate income tax as of 2015 for the tax year of
2014.
2 Beneficial policy 3 Laws
• VAS: payment simultaneously with filing tax return, cf. wage tax and BBO
Second round beneficial policy:  WB draft legislation was • On September 30, 2015 VAS corporate income tax returns should be filed
 Special Regimes completed in March 2014 (incl.
 Other adjustments related to the Part of the beneficial policy) for 2014, postponement is possible until December 31, 2014 if the
preliminary tax return is filed and paid on 30 September 2015
beneficial policy (timeshare  The aim is to have completed the • As of 2016: May 31 preliminary (or final) tax return (with payment),
reserve, new IPC regime, including WB legislation in June 2015. The November 30 definitive return
hotels) VAS system WB will then be • Preliminary tax return shall be equal to last return filed
 Introduction at the latest on 1 implemented for 2014. • Additional tax revenues in 2015:
January 2016
 Implementation program • All entrepreneurs need to be completely up to date in 2014
legislation (IT Forms, Internal • All corporate income taxes in 2014 will be paid in 2015
and external information) by • No intervention DIMP will be necessary
DIMP.
Belastingcommissie 16 maart 2015
 Start implementation project: 7
February 2015 (supporting BC). - Tax riba Entrada Corpora-
DIMP workgroup is installed. tivo; lo haci uso di VAS na eral; Tax riba importacion di
2015 y procesa 2014, 1 di Jan- producto, entrega di produc-
 The Legislation Foundation uary 2016 lo cobra 25% riba tor y provesion riba servicio.
(civil) is being worked on, we entrada corporativo, na unda E taza ta depende riba entrada
strive to have a concept ready by cu lo inclui algun ahustacion y ta wordo tuma na considera-
March 1, 2015, this will be manera reserva di TimeShare, cion e tarifa actual di importa-
introduced alongside the IPC regime nobo cu ta invclui cion, lo reduci vrijstelling, lo
corporate income tax hotels, mientras pa special re- elimina BBO y invoerrechten,
gime lo cobra di 0% pa 10% introduccion na January 2016
cu ta encera Captive Insur- di e draft di legislacion cu
ance, Smart Industry, Export mester ta cla fin di Mei 2015.
16 maart 2015 regime, Fundacion di equity Implementacion di programa
6 funds, private equity, inver- di legislacion door di DIMP,
sion, financiamento di ener- cuminsa implementa e pro-
gia reusabel. e legislacion di ceso 1 di Juni 2015 y ta re-
fundacion di e fondonan aki y comenda pa instala un werk-
inversion lo wordo introduci groep di ABB y riba termino
conhuntamente cu e tax riba despues mester charge cam-
Main points entrada corporativo. bernan cu ta huur, servicio di
Casino y tax riba auto.
 Taxes on imports of goods, delivery by producer and provision of
services - Retribucion di (VAS) entrada - Invoerrechten y accijns;
corporativo di 2014 den 2015. mester legislacion pa douane
 Rates depending income and taking into account current import Den e sistema di VAS e pago cu ta encera eliminacion di
tariffs simultaneamente ta bay hunto invoerrechten cu lo drenta na
cu filemento di retribucion pa vigor dia 1 di January 2016,
 Reduce exemptions, eliminate BBO and import duties, repair 2014 cu lo wordo paga dia 30 Douane y accijns mester ta
issues included in Bonaire (eg. Mixed supplies / services, September 2015. Desde 2016, den acordancia cu islanan
completion o-g deduction ABB in services) Mei 31, preliminario of final- BES, mientras accijns riba
mente lo haya retribucion cu biña (lo tin un presentacion
 Advantages: no / limited overlapping, simple, difficult to avoid, pago, mientras 30 di Novem- na Oktober 2015), posibel ac-
easy to control ber 30 lo haya e retribucion cijns riba refresco, juice cu lo
definitivo. Ppreliminario e wordo desaroya den e comi-
 Introduction as of January 1, 2016, draft legislation ready in April retribucion ta igual cu esun sion, mientras belasting riba
/ May 2015 cu ta file. E belasting riba number di auto lo wordo pro-
entrada na 2015 ta encera cu cesa dehn accijns riba gaso-
 Implementation program legislation (IT Forms, Internal and tur comerciante, entrepreneur line cu lo drenta na vigor 1 di
external information) by DIMP / Project Fiscal Affairs mester ta completamente up- January 2016 of 2017.
to-date na final di 2014, tur
 Start implementation process: June 1, 2015 (with support BC) entrada corporativo di 2014 - Inkomstenbelasting & Loon-
 Recommendation to install ABB work group lo mester wordo paga na 2015 belasting; e pago di loonbe-
 Also charged with ABB (possibly at a later stage): no ta necesario intervencion lasting lo sosode automatica-
DIMP. mente, mientras ta transferi e
 Rental rooms parti di doño di trabao cu ta
 Services Casinos - Tax riba gastamento gen- e prima di sociale lasten, pa e
 Car tax
16 maart 2015
9
di aangifte y pago wordo haci. Segun e presentacion di e Be-
Na e momentonan aki SIAD lasting Commissie, aña pasa
tin un atraso di 5 aña riba win- na Juni a inicia cu e proceso
stbelasting y pa cobra esaki- di reforma fiscal pa mehora
nan. E otro islanan den Reino entrada, stimulacion na con-
pa varios aña ta haci uso di e ciencia berde y ambiental y
sistema VAS cu resultadonan pa crea tambe un tercer pilar
positivo. VAS lo contribui economico cu ta servicio fi-
positivamente pa hisa e efi- nanciero, modernisa y simpli-
ciencia di e SIAD. fica leynan fiscal, minimalisa
atraso y pago na esnan cu tin
Reforma fiscal cu haya bek.