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Curacao Publishes Social Security Contribution Rates and Thresholds for 2023

04 January 2023

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Approved Changes

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Curacao

Curacao's Social Insurance Bank (SVB) has published the 2023 rates and thresholds table for social security contributions. The social security contribution rates for 2023 are as follows for employers: Old age (AOV) insurance - 9.0% Surviving dependents (AWW) insurance - 0.5% Basic health care insurance (BVZ) - 9.3% Accident insurance (OV), depending on risk level - 0.5% to 5% Insurance for loss of income due to illness (ZV) - 1.9% General insurance for exceptional medical expenses (AVBZ) - 0.5% For employees, the contribution rates are as follows: Old age (AOV) insurance - 6.0% Surviving dependents (AWW) insurance - 0.5% Basic...