As announced by the Social Insurance Bank of Aruba (SVb), from January 1, 2022, onwards the Director-Majority shareholder (DGA) is no longer considered an employee with regards to the health insurance and the Cessantia Regulation (employee insurances) and thus cannot claim any rights to any sickness or accident benefits for the duration of incapacity for [...]
As of September 1, 2021, some important changes have been made to the Labor Law. All changes (articles) can be found in the New Civil Code of Aruba (‘Nieuw Burgerlijk Wetboek van Aruba’) – book 7, Art. 610 – 691. Below are some highlights that are directly related to payroll: Art 613: The employer can [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter * April 2021 * 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 is one of the most tax-friendly jurisdictions in the world Are you considering Aruba [...]
Aruba is one of the most tax-friendly jurisdictions in the world. Aruba does not have an inheritance/gift tax: This implies that a resident of Aruba can donate his/her fortune to his/her heirs without paying taxes on Aruba However, there might be other countries where the inheritance taxes are due. Please consult with one of our [...]
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* CATC-HCC Newsletter February 2021 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 2021 is the Money Saving Year! Get your quotes for 2021 in Accounting, Payroll, Tax & Legal. [...]
There is a requirement from the Central Bank of Aruba (CBA) relating to the mandatory direct investment report (DIR). The direct investment Report 2019 should be reported at the latest on February 19, 2021. The Direct Investments to be reported, refer to both outward and inward direct investments. Besides the mandatory direct investment reports, it is also mandatory for Aruban companies to report amongst others: [...]
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 [...]