Published On: Sat, Dec 27th, 2014

Tax reform in Parliament

ParliamentWILLEMSTAD – Because the new tax reform has to take effect on January 1, 2015, there will be a meeting of parliament at the last moment. This meeting is scheduled to take place on December 30.

The Ordinance tax reforms from 2015 to 2016 and the Draft Ordinance regulating the withholding of income tax on interest income, will be discussed.

Last week these two national ordinances were discussed in detail in a central committee meeting of parliament in which the social partners - business and trade unions - were invited to share their opinion on this matter.

The tax reforms are welcomed broadly and seek a relief for all taxpayers. If the laws are adopted in parliament, they will be effective on January 1, 2015.

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