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Curaçao Tax Legislation, Attractive Tax System in Compliance with International Standards  

Tax Newsflash Curacao


Attractive Tax System in Compliance with International Standards

The Curaçao corporate tax legislation has been amended extensively over the last two years. With the most recent changes of January 1, 2020, Curaçao is again fully compliant with international standards applied by the Organisation for Economic Co-operation and Development (OECD) and the Code of Conduct Group of the European Union (the EU COCG). The new territorial profit tax system creates opportunities for businesses using Curaçao as part of their international structure, while introducing anti-abuse provisions to prevent potential abuse and profit shifting in line with BEPS standards.

The most important change as of January 1, 2020 is the shift from a worldwide tax system with exemptions for foreign sourced income to a territorial tax system where only income from a domestic enterprise will be subject to corporate income tax in Curaçao. In addition to this, new requirements with regard to substance have been introduced. The third important change is the replacement of the e-zone corporate tax rate by a new reduced corporate tax rate for specific business activities which Curaçao wants to attract and promote.

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