Buying off your pension

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Additional Beneficial Tax Policy

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Mandatory Pension Plan – Presentation Dec 14, 2011

The new pension law will one way or the other have an impact on your organization. Should you not yet have a pension plan for all your employees, you will need to start one less than a month from now and you have some decisions to make. If you already have a pension plan, you […]

Social Dialogue – changes in the laws

In the months of July and August the first Social Dialogue on Aruba was held between representatives from the Government, the employers’ organizations and the labor unions. The Social Dialogue resulted in the signing of a Protocol, which Protocol is currently being ratified by all participants. The agreements reached in the Protocol require amendments in […]

Transfer pricing

Are you complying with the requirements? The year 2008 has come to an end, and some of you are already starting with the preparation of the 2008 financial statements. As we have informed you already in our previous WTS Tax Special, as per January 1, 2008 transfer pricing requirements were introduced. In this letter we […]

Tax liability 2

In our previous tax special, we have informed you on the highlights of the new State Ordinances on tax and social security premium liabilities, as well as on the collection methods. Although the laws have not yet been passed by the Parliament, discussions with the Servicio di Impuesto y Aduana (SIAD) have taken place regarding […]

Tax liability 1

At this moment, the Parliament of Aruba is discussing the new State Ordinances on tax and social security premium liabilities, as well as on the collection methods. Although the laws have not yet been passed by the Parliament, WTS feels that it is important that you are informed on the highlights of these new State […]

Gaming tax

The Government of Aruba intends to amend the legislation concerning the specific tax paid by casinos, hereinafter called “gaming tax”. A draft for the amendment of the State Ordinance on the gaming tax (“Landsverordening Speelvergunningsrecht hazardspelen, AB 1990 no. GT 45”), was presented to the parliament of Aruba (“Staten”) and is expected to enter into […]

BBO on no shows

On July 18, 2007, the European Court of Justice (C-277/05) made an interesting decision regarding Value Added Tax (hereinafter: “VAT”) being due on amounts charged to and paid by no show guests. In this memorandum, we will elaborate on this verdict and the implications it may have for the “belasting op bedrijfsomzetten”, hereinafter: “BBO”. Case […]