In this Tax Alert we will discuss the National Ordinance on reparation of preferential tax regimes that was approved by the Parliament of Curaçao on June 28, 2018.

With this National Ordinance changes are proposed with respect to the Curaçao tax legislation that may be of importance to you. The new legislation will enter into force the day after publication, but with retroactive effect to July 1, 2018. The aforementioned applies with the exception of the changes for turnover tax and some changes in formal tax legislation (in the General National Ordinance on National Taxes) – these will take effect on a later date. Limited transitional rules apply.