OrbitaxAruba Parliament Approves First Phase of Fiscal Reform Plan Including Individual Income Tax and Ground Tax Changes
|Approved Changes|Aruba
On 20 December 2018, Aruba’s parliament reportedly approved the legislation for the implementation of the first phase of Aruba’s fiscal reform plans. This includes a reduction in the number of individual income tax brackets from 14 to 5 as follows, considering a tax-free amount of AWG 27,751:
- up to AWG 27,751 – 0%
- over AWG 27,751 up to 61,338 – 14%
- over AWG 61,338 up to 91,120 - 25%
- over AWG 9…
