Curacao Extends Relaxed Conditions for Property Development Tax Holiday Through 2024

Curacao has reportedly extended the relaxed conditions for the tax holiday incentives for property (land) development. As previously reported, the Ministry relaxed the conditions for the tax holiday incentives due to the impacts of the COVID-19 pandemic, including that the condition to make available (sale/rent) at least 80% of a property to foreign persons was temporarily reduced to 20% until 31 December 2022, which was subsequently extended to 31 December 2023. Because many investments have…