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COVID-19 Business Impact
Every business has been introduced to a new competitor, the Novel Corona Virus, more aptly known as COVID-19. Some countries are making adjustments to thwart the impact on businesses and the communities they serve. We want every customer, employee, and vendor to know we are here to help everyone through this pandemic. As we quickly migrated to a work-from-home environment to protect our communities with social distancing.
2020/03/30 Update: Tax Relief related to COVID-19
Always presenting the most accurate and timely updates as they relate to the ever-changing environment surrounding the COVID-19 pandemic. The Aruba Minister of Finance announced tax relief measures in connection with COVID-19.
FASE Relief for Employees with Reduced Income
Employees can apply for compensation from the Emergency Social Assistance Fund (FASE) to cover reduced wages of employees as a consequence of the reduction of work hours are going to earn less than Afl. 950 per month. Contact us to assist with the filing process.
Obligation to pay foreign exchange commission for payments abroad
Pursuant to article 2, paragraph 1 of the State Ordinance Foreign Exchange Commission (SOFEC), residents and companies of Aruba shall pay the Government of Aruba (GOA) a commission by the name of “foreign exchange commission” for payments to abroad. Let CATC-HCC help prevent The Central Bank of Aruba from imposing a fine and/or freezing your bank account if you do not comply with these reporting requirements. Read more details here.
Do you want to optimize your cash flow or do you need a loan?
Together with our Corporate Finance & Audit department, we can work on a plan to optimize your cash flow. Read more here.
For all of the latest news and updates from CATC-HCC, please refer to our News page.