On 5 July 2023, Aruba’s parliament approved the ordinance to extend indirect taxes to imports with effect from 1 August 2023. The indirect taxes include turnover tax (BBO) at a rate of 2.5%, health tax (BAZV) at a rate of 3.0%, and additional funding tax for public private partnership projects (BAVP) at a rate of 1.5%, resulting in a total tax rate of 7.0%.
Source: orbitax.com
Latest Posts in "Aruba"
- Overview of Fiscal and Tax Systems in Netherlands, Aruba, Bonaire, Curaçao, and Sint Maarten
- Tax Savings and Compliance Benefits with Fiscal Unity for BBO/BAVP/BAZV in Aruba
- Aruba Tax Alert: Refunds for Unpaid Invoices and Discounts – Year End Reminder
- Understanding BBO/BAVP/BAZV Credits for Importing Trade Goods in Aruba
- Understanding BBO on Electronic Services in Aruba: End of Year Tax Alerts
