Willemstad:--- The Social and Economic Council (SER) of Curaçao today released an advisory report regarding the proposed tax reform scheduled for implementation this year. The reforms aim to modernize the island's tax system, ensuring alignment with current economic and social realities.
The advisory follows an urgent request by the Minister of Finance and was developed with extensive contributions from external fiscal experts and representatives from key social and economic sectors. Their involvement provided the council with thorough, practice-oriented insights and recommendations.
The proposed reforms encompass significant adjustments to income tax, corporate profit tax, payroll tax, and sales tax. Primary goals of these reforms are addressing tax evasion, enhancing the investment climate, and broadening Curaçao's tax base to support sustainable economic and social development.
