Curacao's Ministry of Finance introduced a new penalty policy in July 2019 for non-compliance with requests for information in relation to international assistance for the collection of taxes. This includes that for entities and natural persons carrying on a business, failing to comply with a request for information will result in a penalty of ANG 100,000, which is increased by AMG 37,500 if no information is provided at all. If only partial information is provided, the ANG 100,000 penalty may be increased by ANG 18,750. The types of information request that may be subject to penalty include ultimate beneficial owner...