Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 5/8/2013

Curaçao - Sales tax regime changes  

May 8: A law, referred to as the Miscellaneous Sales Tax Act and approved by the parliament of Curaçao, revises the sales tax regime and is effective 1 May 2013.

Among the measures contained in the new law are provisions that:


  • Increase the sales tax rate imposed on certain “luxury” goods or services to 9%; impose a sales tax rate of 7% on insurance and vacation time-shares; and exempt other certain “basic products” from sales tax
  • Amend the sales tax regulations and implement a cash registration system to be used by businesses

Read a May 2013 report [PDF 293 KB] prepared by the KPMG member firm in Curaçao: Adjustments in Sales Tax and General National Tax




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