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Curacao Approves Tax Credit to Cover Small Tax Debts

01 October 2024

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Approved Changes

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Curacao

According to a 22 September 2024 post from Curacao's Ministry of Finance, Javier Silvania, the Council of Ministers has approved the introduction of an ANG 2,500 tax credit for otherwise compliant taxpayers with small tax debts. As previously reported, the credit is available for both individual and corporate taxpayers and can be used to offset various tax liabilities. Requirements include that taxpayers must file their tax returns for 2023 by 1 December 2024, and employers must file their 2023 payroll summary by 1 November 2024. In cases where a taxpayer has no current tax debts or an excess credit remains,...