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Aruba 2023 Tax Plan Includes Corporate and Individual Income Tax Rate Reductions, a Turnover Tax Rate Increase, and Other Reform Measures

|Proposed Changes|Aruba
Aruba

Aruba's Minister of Finance and Culture, Xiomara Maduro, reportedly presented the government's 2023 tax plan during a press conference held on 30 September 2022, including certain previously announced reform measures with some revisions. The measure of the tax plan include:

  • Reducing the corporate income tax rate from 25% to 22%;
  • Reducing each individual income tax bracket rate by 2%, resulting…

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