author_orbitax
Orbitax

Share This Article

Aruba Issues Ministerial Decision on Turnover Tax Exemptions

22 August 2018

|

Approved Changes

|

Aruba

Aruba has published Ministerial Decision on exemptions in relation to the recent introduction of the crisis levy (BAVP) and the removal of certain prior exemptions effective 1 July 2018 ({News-2018-07-11/A/2-previous coverage}). BAVP is charged in addition to the business turnover tax (BBO) and the health tax (BAZV). The Ministerial Decision includes exemptions from BAVP, BBO, and BAZV on: Turnover generated by authorized credit institutions through foreign exchange transactions and through payment transactions by means of credit/debit cards in Aruban florins or foreign currency; Turnover (commissions) generated by insurance brokers or agents (intermediaries) through the conclusion and execution of insurance contracts...