Aruba Announces Agenda for Financial and Economic Reform Including in the Areas of Indirect Tax and Tax Collection Optimization

The Aruba government has announced its agenda for financial and economic reform, including plans in the areas of indirect tax and tax collection optimization as follows:

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Taxes

Either a plan to investigate which indirect tax system is beneficial for Aruba, VAT/BTW or ABB will be made. This plan must be ready by March 1, 2021. The Tax Authority requires data from the banking sector. Hence, an action plan will be made to connect banks, notaries, the social insurance bank, and the pensio…