Tax Force advises Minister on tax reduction
WILLEMSTAD - The Task Force on Tax Plan Curaçao has submitted three proposals to the government to stimulate the economy through lower taxes. There is now a proposal for the partial abolition of the Tax Holiday.
In addition, companies need to pay little or no tax. The Task Force wants to get rid of this tax. Also, the advisory committee wants a sales tax exemption for music events and exemption from import duties on material for the education, sports, health care and poverty alleviation.
The Curaçao Business Association believes that these proposals will only complicate the tax system and calls for a structural review.