On 21 December 22, Aruba's parliament approved legislation for the 2023 tax plan. The main measures include the following: The corporate income tax rate is reduced from 25% to 22% under the Profit Tax Ordinance, with the rate under the Aruba Petroleum Ordinance (28%) changed to instead refer to the tax rate under the Profit Tax Ordinance (i.e., 22%); A transitional rule is provided in relation to the corporate income tax rate reduction for financial years that began before 1 January 2023 and end on or after 1 January 2023, which includes that the applicable rate for such a financial...