OrbitaxOrbitax

Curacao Considering Replacement of Sales Tax with VAT

|Proposed Changes|Curacao
Curacao

The Curacao government is reportedly considering the introduction of a new value added tax (VAT) regime that would replace the current sales tax regime. To offset the potential impact of a VAT regime on lower-income individuals, the government is also considering the introduction of fixed monthly compensation to individuals in lower-income brackets. Further details of the new VAT regime and ass…

Continue Reading