This week’s question and answer:

Bill Lion:

What about taxes in Aruba?

Miriam Engeln:

Depending on which taxes you are referring to, the following website will answer most of your questions; www.arubaeconomicaffairs.aw

Capital Tax
There is no Aruban withholding tax on capital.

A non-resident is subject to tax for income derived from certain sources, including gains from the alienation of shares from a so-called substantial participation in an Aruban company.

Real Estate Property Tax (Grondbelasting)
This annual tax is levied on the value of the real estate. The tax rate amounts to 0.4% of the value of unfinished or finished properties and is charged to the owner.

For additional information on taxes, contact Direccion di Impuesto y Aduana
Camacuri 2, Phone: +297 522 7474This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
www.siad.aw