Has COVID-19 made your business struggle with cash flow? The Corporate finance and Audit Department can help you by offering assistance, including: Accurately manage the cash flow Request for a temporary loan Sale of the company The Corporate Finance & Audit Department can assist you in working on a plan to optimize your cash flow. [...]
Extended…. income tax rate reduction surrendering self-administered pension (e.g. director’s pension) By way of policy, the Minister of Finance, Economic Affairs, and Culture recently extended the surrendering of the self-administered pension, accrued in the company as well as externally, against the reduced income tax rate of 10%. The reduction is applicable as of 1 July 2020 up until 31 [...]
The deadline for the second quarter 2020 reporting foreign exchange to CBA is July 31st, 2020. Let us assist you with reporting the foreign exchange commission for payments abroad to CBA. For more information, send an email to CBAreports@catc-hcc.com or by calling (297) 527-5500. Obligation to pay foreign exchange commission for payments abroad Pursuant to article 2, paragraph 1, of the State Ordinance [...]
As with every company’s continued success comes the need to adapt and change. All of CATC-HCC's customers and business partners have endured the pandemic with required changes to continue to operate. Changes may include staff changes. Tax & Legal Department Steps Up Geert Weber separates from CATC-HCC. We want to wish Geert all the best in his future endeavors. Meanwhile, Mireille de Miranda and the [...]
HOW TO COPE WITH THE CHANGED BUSINESS ENVIRONMENT The rapid spread of the coronavirus through the world is clearly having an impact on the economy and general business environment in Aruba, Curacao, St. Maarten, and the BES-islands. For most businesses, the crisis has led, or will likely lead to at least a temporary decline in revenues – [...]
Struggling with the application for wage subsidy at SVb? Let our professionals do it for you! What can we do for you? We will calculate the May 2020 subsidy your business can expect We will calculate the remaining May 2020 payroll cost for your business We will calculate the remaining May 2020 payroll cost in [...]
The Government of Aruba, via Banco di Seguro Social (SVb), announced the final details of the payroll relief plan, named WAGE SUBSIDY, which will be provided as financial support to local companies that are dealing with the impact of the COVID-19 pandemic and the measures taken by the Government of Aruba to prevent further infection, [...]
The Government of Aruba came up with four subsidy plans for employees and employers in this period of COVID-19 crisis. Contact CATC-HCC to help navigate the process to ensure accurate results. The Emergency Social Assistance Fund FASE subsidy of max Afl. 950 per month for employees The subsidy of max Afl. 4,000 per quarter for [...]
During a press conference last week, the Government of Aruba announced the Business Payroll Support Plan for local businesses. To support businesses that are facing revenue losses due to the COVID-19 pandemic and to assist in the prevention of lay-offs, the Government of Aruba will provide eligible employers with payroll support for their employees. The compensation will be a maximum of 80% [...]
CATC-HCC Tax & Legal is excited to announce the return of a member to the team. Mireille de Miranda has accepted to participate as a Managing Partner and will begin assisting clients on January 2, 2020. Mireille de Miranda, born and raised in Aruba, has a Master's degree in Tax Law from Tilburg University, [...]