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Curaçao – Policy changes imposition profit tax

The Ministry of Finance and the Curaçao Tax Department have jointly announced policy changes regarding the imposition of Curacao profit tax, which have entered into effect as of January 1, 2024. The Tax Department notes that many entrepreneurs comply with their monthly obligations for turnover tax and wage tax but have delays in preparing financial

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Tax update | Caribbean Netherlands

December 2023 | Legislative changes 2024 In our September 2023 Tax update, we informed you about the proposed legislative changes that followed from the BES Tax Plan. The bill has since been adopted – with some adjustments – and will (with a few exceptions) take effect on January 1, 2024. The most striking changes are

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Caribbean Netherlands – Real estate tax

The real estate tax (in Dutch: vastgoedbelasting) is a state tax levied on the deemed income from immovable property located in the Caribbean Netherlands (also referred to as the BES islands, being Bonaire, Sint Eustatius and Saba). Taxpayer for the real estate tax is the person who, at the beginning of the calendar year, has

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Suriname Energy Oil & Gas Summit (SEOGS) in Paramaribo, Suriname

Rootz Tax Lawyers has attended the Suriname Energy Oil & Gas Summit (SEOGS) in Paramaribo, Suriname. This is the leading industry event for Suriname’s emerging energy sector. With exploratory success, where several discoveries have been made in the last few years, Suriname is positioned to become one of the world’s oil & gas hot spots.

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Joost Houtsma joins Rootz Tax Lawyers

Rootz Tax Lawyers is happy to announce that Joost Houtsma has joined the firm as per May 1, 2023. Joost is an international tax lawyer with specialist knowledge on the tax aspects of real estate (project development, investors, hotel operators, real estate purchase). Before joining Rootz Tax Lawyers, Joost worked for KPMG Meijburg & Co

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Tax update | BES Islands

In this Tax Update we would like to inform you about suggested amendments by the Dutch State Secretary of Finance related to various aspects of the Caribbean Netherlands’ tax system. Please find below an overview of the most important topics that are expected to be included in the Tax Plan Caribbean Netherlands 2024 and the

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Aruba – Postponement implementation VAT system

During a press conference, on August 18, 2022, the government of Aruba announced that the implementation of a VAT system as per January 1, 2023, will be postponed. The VAT system was intended to replace the current BBO/BAVP/BAZV system. Instead, in light of the current financial situation of Aruba, the Aruban government considers to increase

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Freek Stapel joins Rootz Tax Lawyers

Rootz Tax Lawyers is happy to announce that Freek Stapel joined the firm as per August 1, 2022. Freek has gained experience in international tax law and cross-border taxation. Freek is a hands-on sparring partner for his clients for different types of taxes. Freek specializes in energy-related companies, digital services providers, real estate and construction

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Jaap Rutger Kos appointed as external Counsel

Rootz Tax Lawyers announces its cooperation agreement with Jaap Rutger Kos, who will act as an external counsel for the firm. We are very happy to renew our business relation with Jaap Rutger and are looking forward to be working together again on Caribbean Netherlands tax matters. Jaap Rutger is working and residing in Bonaire

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Ruben Toonen joins Rootz Tax Lawyers

Rootz Tax Lawyers is happy to announce that Ruben Toonen joins the firm as per August 1, 2021. Ruben is a proactive tax lawyer with experience in both domestic and international tax law. Ruben specializes in family owned businesses, real estate and construction corporations and leisure related enterprises. His focus, among other things, is at

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Caribbean Netherlands: Automatic extension for filing annual accounts 2020

The regular deadline for filing the 2020 annual accounts for companies that are established in the Caribbean Netherlands according to the Tax Act BES is September 30, 2021. Due to circumstances related to the coronavirus outbreak, the Caribbean Netherlands Tax Administration announced that this filing deadline is automatically extended to December 31, 2021. There is

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