On 18 October 2020, Curacao's Ministry of Finance announced that the 4.5% turnover tax credit for imports will be maintained until legislation for a new general consumption tax (Algemene Bestedingsbelasting - ABB) is introduced, which is planned to apply from 1 January 2021. The 4.5% credit is provided where imported goods are sold to another party and turnover tax has been paid in connection …