Curacao Implements Simplified Objection Procedure for Profit Tax

Curacao's tax authority has announced a simplified objection procedure for profit tax. Previously, if a taxpayer submitted a tax return late and received an estimated assessment, they had to file a separate, formal objection to contest it. Under the new procedure, if a taxpayer receives an estimated assessment for profit tax and then submits the late return electronically via the online portal, that return is automatically treated as a formal objection. Further, filing the return automatical…