On 27 November 2015, the Ministry of Economic Development and Curaçao Investment and Export Promotion Agency (CINEX) held an information session for local entrepreneurs who are interested in exporting products using the Overseas Countries and Territories (OCT) and Caribbean Basin Initiative (CBI) regulations. This information session was attended by potential entrepreneurs and business owners looking […]
Warren Buffett once said that risk comes from not knowing what you are doing. We believe that this quote can also be applied to the current business environment, wherein Tax Assurance is the method by which a company can assess its tax risks, manage them, as well as mitigate these risks to an acceptable level […]
The Netherlands and Curaçao have reached an agreement about a new tax regulation to prevent companies and private persons from paying taxes in both countries, preventing citizens from being “double taxed.” The Dutch State Secretary, Frans Weekers, and José Jardim, Curaçao Minister of Finance, have signed an agreement to that effect. They also made arrangements […]
While in the past a call to your tax advisor was only required close to the tax return deadline or when confronted with a tax audit, the current business environment demands having your advisor on speed dial. TEXT VIVIAN L.M. BONIFACIO-PIETERS MSC, TAX MANAGER AT MEIJBURG & CO CARIBBEAN. JEANISE J. JOB MSC, TAX MANAGER […]
The Government Accountant’s Foundation (SBAB) broadens its services with the introduction of the project, Guia den i Atministrashon Impuesto Temporal (GUAIT), or Guide in Tax Administration in English. This project aims to assist entrepreneurs in maintaining a sound financial administration in their businesses. This project is also intended for entrepreneurs who are in a challenged […]
Since the 1950’s, the international financial services sector has been an important economic pillar for Curaçao. For over 70 years, Curaçao has shown its strength in its multilingual and highly educated workforce. Nowadays, Curaçao is an established, secure and reliable international financial center. TEXT CURAÇAO INTERNATIONAL FINANCIAL SERVICES ASSOCIATION (CIFA) Due to its long history, […]
The Curaçao export facility, introduced in the Curaçao profit tax legislation on January 1st, 2014, forms an important step in creating competitive tax legislation for companies that are established in Curaçao or wish to establish an export business on the island. The facility can also apply to companies that are currently applying for the Curaçao […]
Curaçao has many small and medium-sized companies that want to grow their business by either expanding internationally or by working together with foreign partners. In order to facilitate this growth, it is crucial that Curaçao as a country creates optimal circumstances for international expansion and cooperation. One of the more important factors is corporate tax. […]
Has this ever happened to you? You visit a shop and want to buy a certain item with cash. You look at the price tag and then gather the corresponding bills and coins while you are waiting in the queue. Once it’s your turn to pay, you hand over the cash and the cashier explains […]
The Curaçao National Ordinance on Real Estate Tax 2014 entered into force on January 1, 2014, stipulating that an annual tax is levied on the value of real estate located in Curaçao. It is very important to check the accuracy of the valuation as mentioned on the (provisional and final) assessment real estate tax. The […]
