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Curaçao: Domestic Corporate Taxation

Introduction

NB: The Netherlands Antilles as such ceased to exist in October 2010. This page deals with Curaçao, the largest component of the jurisdiction, which has taken its place in many respects.

On December 29th, 1999, the Parliament of the Netherlands Antilles passed new tax legislation known as The New Fiscal Framework intended to improve the jurisdiction's image as an Offshore Financial Centre and to revitalise its financial services industry. The legislation, which came into force on 1st January 2002, removed the distinction between 'onshore' and 'offshore' companies, and simplified tax rates. Alongside the tax legislation, a new corporate form was introduced to allow offshore operations on a tax-exempt basis: this is the NABV (Netherlands Antilles Besloten Vennootschap), and it was expected to supplant the offshore NV for many purposes (see Offshore Legal and Tax Regimes and Forms of Company).

 

 

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