As previously reported, the Aruba government has instructed the Tax Department to initiate the process for fiscal reforms, which has begun with a series of stakeholder meetings. The fiscal reforms are to be implemented in three phases and includes the following: The introduction of a VAT system that will replace current indirect taxes, including the business turnover tax (BBO), health tax (BAZV), and additional funding tax for public private partnership projects (BAVP), with the following rates and exemptions: standard 18% rate on goods and services reduced 6% rate on food and non-alcoholic beverages; zero-rating on exports; and exemptions for hotel...