Aruba intends to introduce a turnover tax on imports as from 1 August 2023—the effective date has been pushed forward from the originally proposed 1 June. The main reasons for introducing a turnover tax on imports are that: the tax is simple; it will not increase the expenses of entrepreneurs; it will create a level playing field with online platforms; and it will provide the revenue necessary for Aruba to repay the COVID-19 loans received from the Netherlands.
Source: BDO
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