Published On: Mon, Nov 3rd, 2014

60% sales small and medium businesses to foreign countries

BusinessWILLEMSTAD – About 60 % of sales small and medium companies is deposited in foreign accounts. These are mainly businesses with foreign ownership. This fact also became clear after an inspection of the sealed cash registry system.

The Director of the Tax Accountants Bureau, Sherwin Casper, said that he does not want to further stigmatize these business owners. He also does not state what for foreign accounts he’s referring to, but it is a fact that the biggest portion of the sales is not deposited here on the island.

“On the days that we are present from opening to closing, the stores’ sales suddenly turn out to be 60 percent higher than previously reported. We are then entitled to check the Curaçao bank accounts of the companies. We ask the company’s permission and usually get this too, but we don’t have to ask permission. During our inspection of these accounts, we see that not all the money is deposited in the local account,” Casper indicated.

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