BAB is stricter with inspections cashier receipt
WILLEMSTAD – Starting August 1 of this year, the Tax Accountants Office (BAB) will have a stricter inspection policy on store owners. According to the BAB, a large group of store owners are evading taxes by not More...
Room Tax becomes sales tax (OB) starting January 1, 2016
WILLEMSTAD- Recently the Government of Curaçao announced that starting January 1, 2016 the Room Tax will be included in the State Ordinance Sales Tax 1999. This means that there will be no more room tax, but in More...
Asjes: “It’s not bad that the tax law proposal was leaked”
WILLEMSTAD – The Prime Minister of Curaçao, Ivar Asjes, believes, just as the Minister of Finance, Jose Jardim, that the discussion on the increase in the sales tax is premature. The Premier does not mind that More...
Jardim: “Continue with 2013 budget and no increase in sales tax”
WILLEMSTAD – In the opinion of the Minister of Finance, Dr. Jose Jardim, experts should analyze the documents proposing a possible change in the VAT system to finally come with a proposal that will best serve More...
Curaçao Business Association wants opportunity to discuss new tax system
WILLEMSTAD - Joop Kusters, the president of Curaçao Business Association (VBC), finds it regrettable that the information about the new tax system was leaked. The proposal of the adjustment of the tax system should More...
VAT tax system in the making
WILLEMSTAD - The government is working on a more neutral sales tax system (VAT-like). That can be read in a proposal on which no decision has been made. This way the government wants to eliminate the current sales More...
Tax Collector shuts down 19 shops and mini-markets
WILLEMSTAD - The tax authorities shut down 19 Chinese shops and mini-markets this week. One of the reasons for this measure is that they did not pay their sales tax. Those that were caught for the first time had More...
VBC: ‘New sales tax system leads to chaos’
WILLEMSTAD - The Curaçao Business Association (VBC) says that they are worried about the new system of value added tax. The VBC says that the system used in recent years was relatively easy with one rate and a More...
Jardim grants reprieve for receipt requirements
WILLEMSTAD – Starting October 1 of this year, every store or business was obligated to specify prices of their goods and services including sales tax on their invoices or receipts. This adjustment is according More...
Pricing starting today with sales tax
WILLEMSTAD – Every store on the island is not obligated to state the prices of their goods and services with sales tax included. The new pricing was already adopted on May 1 of this year. Store owners were not More...
