Published On: Fri, Nov 1st, 2013

Jardim grants reprieve for receipt requirements

Minister Jose JardimWILLEMSTAD – 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 to the new sales tax law which was adopted this year with other austerity measures. Minister Jardim granted a reprieve for the second time last Monday.

The Curaçao Business Association (VBC) believes that the new legislation was implemented too early. They have therefore asked for a postponement of the implementation of this new law in a letter dated September 25, 2013 and addressed to Minister Jardim. VBC indicates in this letter that the new requirements are not feasible within the given deadline.

Second time

Jardim has granted on Monday October 28 a reprieve based on VBC’s request. The postponement was granted until 1 April 2014. This is the second time that the Ministers agree to the request of the business owners. The new measure was suppose to be implemented on May 1 of this year already, but because retailers had already indicated to need more time it was postpone until October 1.

Software Suppliers

In the decision to respond to the request the Minister took into account the fact that business owners often rely on software vendors to adapt their software so that it can be used according to the new requirements. The delay applies only to the entry price on receipts. Retailers and service providers are still required to specify the prices of their products including the sales tax.

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