Although on an Island as small as Aruba our professionals need to be generalists, our team has in-depth knowledge of specific sectors, which allows us to provide you with tailor made services. We work to resolve issues quickly and manage challenges across all our service disciplines, enabling you to lay a solid foundation for business growth.
On May 26, 2023, the draft legislation for the 2023 Tax Reform part II was sent to Parliament. The proposed tax on import will increase tax revenues for the Government on short term, but in our opinion without sufficiently considering the long-term effects of these measures on the Aruban economy....
As of January 1, 2023, Aruba has introduced an ultimate beneficial owner registration (“UBO register”) in its legislation. In this SmartNews, we would like to share our understanding of the contents of this UBO register with you.
On December 21, 2022 the final legislation for the 2023 Tax Reform was published in AB 2022 no. 161. The final changes are aimed at increasing tax revenues on short term, but in our opinion without sufficiently considering the long-term effects of these measures on the Aruban economy. All changes...
On December 14, 2022, a second Amendment (after the December 13, 2022) to the 2023 Tax Reform plans was submitted to the Aruba Parliament. Below we will highlight the changes between the Original proposal (November 29, 2022), the Amendment (December 13, 2022) and the Second Amendment relating to...
On December 13, 2022, an Amendment to the 2023 Tax Reform plans was submitted to the Aruba Parliament. Below we will highlight the changes between the Original proposal (November 29, 2022) and the Amendment. Changes that are textual or have small practical impact are disregarded.
On November 29th 2022 the draft legislation for the 2023 Tax Reform was submitted to the Aruba Parliament. The proposed changes are aimed at increasing tax revenues on short term, but in our opinion without sufficiently considering the long-term effects of these measures on the Aruban economy...
BDO Corporate Tax News summarises recent tax developments of international interest across the world.