Tax Compliance

Compliance is the new wor(l)d

Taxes and its requirements are becoming more extensive, complex, and always involve hard deadlines. Missing one or more of these deadlines may lead to penalties, which penalties are not tax deductible and increase your cost of doing business. But more important, missing a deadline may imply that you have lost your legal rights to an objection or appeal. That puts the Tax Authorities firmly in the driver’s seat and puts you and your business in an often defensive position.

Our professionals will be able to assist you with compliance services relating to amongst others:

• Preparation and filing of returns for:
  • Corporate income tax
  • Turnover tax
  • Dividend withholding tax
  • Payroll tax
• Central Bank of Aruba reporting, including requesting the necessary statements of approvals, licenses and/or exemptions
• Objections and/or appeals relating to the above-mentioned areas
• Chamber of Commerce filing of annual financial statements

Our professionals will inform you timely of upcoming deadlines, the steps to be taken, and will identify potential risk areas when preparing your returns. This can create valuable insight in managing risks, but may also create opportunities to improve your business.

Would you like to know more about how BDO can assist you with your compliance? Please feel free to contact one of our professionals for an introduction meeting to determine if and how we can add value to your business or mitigate risks you may be exposed to.