- The government of Aruba has introduced a levy of BBO/BAVP/BAZV on imported goods.
- Entrepreneurs can receive a credit on the import of trade goods.
- If the credit exceeds the amount payable, entrepreneurs can receive a refund.
- The definition of “trade goods” includes goods intended for sale in a business, parts assembled to create a new trade good, and processed goods related to food and beverages.
- It is important to determine if imported goods are considered trade goods to receive the credit.
Source: hbnlawtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
