Published On: Wed, Jun 19th, 2013

Jardim: Tax reduction possible in 2015

Jose JardimWILLEMSTAD – The Ministry of Finance is working closely with the private sector to achieve reforms of the tax law. The Ministry reports that a special working groups on the legislation to have it ready by 2015 and 2016.

Minister of Finance, Dr. Jose Jardim wants to reduce taxes in 2015. According to the Minister, there is room in the budget to propose a reduction of 50 million guilders. The tax should be noticeable in the payroll tax, income tax and profit tax. There will be a reduction in the direct tax introduced without an increase in the indirect tax.

“The goal of the tax reform is to make the tax system simpler and more transparent so that the commerce and the population could benefit from it,” says the Minister. "The Government inspection can be better implemented and should everyone can reap the fruits of this reduction in 2015,” the Minister concluded.

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