- New turnover tax filing frequencies effective January 2025: annual for turnover below XCG 30,000, quarterly for XCG 30,000–75,000, and monthly for above XCG 75,000.
- Businesses must ensure compliance with new filing deadlines; annual returns due January 15, 2026, and quarterly returns by the 15th of the month after each quarter.
- Local entrepreneurs using foreign service providers may be liable for turnover tax on cross-border transactions and should verify provider registration with Curaçao Tax Authorities.
- Changes to shared cost allocation formulas are only allowed if the composition of cooperating parties changes.
- Real estate rental income: commercial leases are taxed, permanent residential leases (over one year) may be exempt, and short-term residential leases are generally taxed.
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.
Latest Posts in "Curacao"
- Court Ruling: Is the Taxpayer an Entrepreneur for VAT and Are Tax Assessments and Fines Justified?
- Minimum Penalty of NAf 50 Imposed Despite Timely Tax Payment in Curaçao Tax Case
- Curacao Tax Chief Investigated for Corruption and Mismanagement, Public Demands Clarity
- Overview of Fiscal and Tax Systems in Netherlands, Aruba, Bonaire, Curaçao, and Sint Maarten
- Curaçao’s Fiscalization Framework: Ensuring Transparency and Compliance with Secure Cash Registers
