Aruba’s Minister of Finance and Culture, Xiomara Maduro, reportedly proposed on 11 November 2022 the extension of turnover tax to imports with effect from 1 June 2023. This follows earlier plans to increase the business turnover tax (BBO) rate from 1.5% to 2.5%, which when combined with the health tax (BAZV) and additional funding tax for public private partnership projects (BAVP), results in a total tax rate of 7% from 1 January 2023.
Source Orbitax
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