- Small business scheme in the Caribbean Netherlands
- Small entrepreneurs eligible for scheme
- Exemption from filing ABB return and paying ABB
- Conditions for eligibility:
- Natural person living or located in the Caribbean Netherlands
- Owner of a sole proprietorship
- Yearly turnover does not exceed USD 20,000 (proposed increase to USD 30,000 in 2024)
- Multiple businesses or professions considered jointly
- Periodic updates on turnover required
- If turnover threshold is exceeded, ABB return and payment required
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.
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