Understanding BBO/BAVP/BAZV Credits for Importing Trade Goods in Aruba

• BBO/BAVP/BAZV is levied upon importation of goods in Aruba
• Entrepreneurs receive a credit upon import of trade goods
• Definition of “trade goods” includes goods intended for sale in a business, parts assembled to create new trade goods, and processed goods for sale in a business
• If credit exceeds amount payable, entrepreneur can receive a refund
• It is important to assess whether imported goods are defined as trade goods to receive credit for BBO/BAVP/BAZV levied upon import

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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