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Aruba Planning to Extend Turnover Tax to Imports

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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