VAT news tagged as "Turnover tax"

Aruba

Aruba raises Turnover Tax to 3%

April 7th, 2018

Aruba is to increase its Business Turnover Tax ‘Belasting op Bedrijfsomzetten’ from 1.5% to 3%. This rise will take place on 1 July 2018. The indirect sales tax is levied on the supply of goods or services in the country. Unlike VAT, it is not charged on imports.


Curacao

Curacao updates Turnover Tax compliance and rates

May 4th, 2013

The Curacao Parliament has enacted a number of changes to the Turnover Tax regime, including: Turnover tax is now due on goods imported on a tax free basis, but subsequently sold for a taxable supply The Turnover Tax rate will be 6%.  Insurance premiums and tourist services will be at 7%.  Certain luxury goods, entertainment …