A beneficial policy announcement from Aruba's Ministry of Finance and Culture was published in the Official Gazette on 4 November 2022, which extends the beneficial policy for the reduction of dividend income tax for individuals. First introduced in 2019 and subsequently extended in response to COVID-19, the beneficial policy provides for a reduced tax rate on dividends of 10%. As extended in the latest announcement, the beneficial policy provides that dividends distributed from profit reserves accrued up to 31 December 2022 are eligible for a reduced tax rate of 10%. To qualify, the dividends must be made available to the...