The Minister of Finance announced on 28 December 2020 new and additional incentives (incentives 12 and 13) for part 2 of the tax relief measures in connection with COVID19 to re-activate the Aruba Economy. 1. Decrease the income tax rate for 2021 As of January 2021, the following table represents changes for the income tax brackets: [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter *December 2020* Below are some highlights for this month. If this newsletter was shared to you, and you would like to receive it to your inbox, please subscribe here. Feedback Share Share Tweet Forward 2019 Aruba Profit Tax Deadline has Passed! Avoid possible penalties for not filing your 2019 Profit Tax [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter November 2020 Below are some highlights for this month. If this newsletter was shared to you, and you would like to receive it to your inbox, please subscribe here. Feedback Share Share Tweet Forward DO NOT DELAY - 2019 Profit Tax Deadlines CATC-HCC is prepared to assist your business file these [...]
The Minister of Finance announced on 27 October 2020 part 2 of the (temporary) tax relief measures in connection with COVID-19 in order to re-activate the Aruba Economy. Below we provide you with the different measures introduced which are effective as of 1 November 2020. Please note that the dates of the applicability of the [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter October 2020 Below are some highlights for this month. If this newsletter was shared to you, and you would like to receive it to your inbox, please subscribe here. Feedback Share Share Tweet Forward ARUBA'S FIRST! Quickbooks ProAdvisor since 1995 Why choose a QuickBooks ProAdvisor? QB ProAdvisors are certified by Intuit's [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter September 2020 Below are some highlights for this month. If this newsletter was shared to you, and you would like to receive it to your inbox, please subscribe here. Feedback Share Share Tweet Forward The Best Price does not equal the Best Product or Service Two products, two customers. Every product [...]
As of September 2020, holders of foreign assets and liabilities accounts have mandatory weekly and monthly reporting requirements to the Central Bank of Aruba (CBA). Let us assist you with reporting the foreign exchange commission for payments abroad to CBA. Introduction of mandatory weekly and monthly Foreign Assets and Liabilities Accounts Reports Following the adverse economic and financial [...]
Excerpts and reference to a recent Kock Advocaten newsletter in regards to a business lease tenant of a business that has been closed as a government requirement due to COVID-19 preventative measures. A frequently asked question is, "Does the (business) tenant have to keep paying the rent during this period?" "On the one hand, the [...]
On September 1st, the Aruba Tax Department will issue the personal tax declaration forms for the 2019 tax calendar year. Are you prepared? CATC-HCC is, join us to get ready. The 2019 personal income tax declaration forms are issued The date of issuance is September 1, 2020. The Aruba Tax Department informs that the 2019 [...]
A recent article in the Antilliaans Daglblad addressed the high mortgage interest typically found in Aruba. "Pearl white beaches, crystal clear sea, ice-cold beers, and high mortgage interest." The first three are common references of Aruba, but not the last one - high mortgage interest. "A higher interest rate on governments are the reasons for [...]
