Aruba's Second Phase Fiscal Reform Plans

Aruba's tax authority, together with the Ministry of Finance, reportedly held stakeholder meetings on 4 and 5 September 2019 to present the measures of the second phase of the government's fiscal reform plans. Planned measures include the following from 1 January 2020:

• The introduction of business turnover tax (BBO) at a rate of 6% on imported goods that is payable at import, with a possible deduction for wholesalers from BBO payable in their monthly return;
• The introduction of withholding t…