Update - Aruba Initiates Fiscal Reforms Process Including for VAT System
As previously reported, the Aruba government has instructed the Tax Department to initiate the process for fiscal reforms, which has begun with a series of stakeholder meetings. The fiscal reforms are to be implemented in three phases and includes the following:
- The introduction of a VAT system that will replace current indirect taxes, including the business turnover tax (BBO), health tax (BAZ…