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Aruba: Personal Taxation


The main tax applied to individuals in Aruba is income tax, which is collected by employers under a 'PAYE'-style scheme along with social security contributions. Capital gains tax does not apply to individuals except on disposal of certain business assets; but there are inheritance and gift taxes, and some relatively minor property taxes. Import duties are significant, and apply to many goods and commodities.

From 1st July, 2005, under the EU's Savings Tax Directive a withholding tax of 15%, which rose to 35% from July 2011, has been applied to interest received by individuals who are residents of a European Union member country and have savings accounts or other savings instruments in Aruba.



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