A concise overview of IFRS 18, outlining key presentation changes, new mandatory disclosures and transition requirements effective from 2027.
An overview of property tax in Curaçao, including liability on January 1, valuation rules, filing obligations, exemptions and reassessment conditions.
IFRS 18 introduces a new structure for financial statements, replacing IAS 1 and enhancing transparency in financial reporting. The standard, effective from 1 January 2027, adds new profit subtotals, clearer categories for income and expenses, and stricter disclosure requirements. Learn how your organization can prepare for IFRS 18 with insights from Grant Thornton.
Grant Thornton’s IFRS Example Consolidated Financial Statements 2025 offers practical guidance for preparing IFRS-compliant financial statements.
A landmark Curaçao Supreme Court case may redefine when company directors can be held personally liable for unpaid corporate taxes. Learn what this means for business leaders.
U.S. import tariffs are fueling a global trade war with serious implications for Curaçao. This article explores the rising costs of imports, inflation, reduced tourism, and how these pressures threaten the island’s economic stability.
Curaçao’s tax system reveals a significant imbalance in its treatment of taxpayers particularly businesses that overpay profit tax. While the authorities strictly enforce deadlines for filing and payment, requiring both provisional and final returns to be submitted on time, the same urgency is not applied when it comes to issuing refunds. Despite a legal obligation to process refunds within six months, the Tax Authorities routinely exceed this period. Businesses are often left waiting indefinitely, with minimal communication and little transparency. As a result, many are forced to file formal objections or pursue legal action just to recover funds that are rightfully theirs. Even when refunds are approved, actual payment is frequently delayed by the Receiver’s Office, compounding frustration and financial strain. This asymmetry places an unfair burden on compliant taxpayers and undermines trust in the system’s fairness and efficiency.
A new year often brings changes to tax regulations, as many taxes are levied on a calendar-year basis. It is therefore common for desired adjustments to take effect at the start of a new calendar year. The year 2025 is no exception for Curaçao. As of January 1, 2025, several tax law changes have come into effect in Curaçao. Additionally, there are important fiscal developments taking place this year.
Het belastingverdrag tussen Curaçao en Suriname is ontworpen om dubbele belastingheffing te voorkomen en belastingontwijking tegen te gaan in grensoverschrijdende situaties. Dit verdrag bepaalt welke belastingheffingsrechten elk land heeft, zoals bij arbeidsinkomen, dividenden, en inkomsten van artiesten en sporters. Het voorkomt dat inwoners en bedrijven van beide landen dubbel belast worden en biedt gunstige voorwaarden voor investeerders. Het verdrag omvat regels over belastingvrijstelling, verrekening, en informatie-uitwisseling en is momenteel in het ratificatieproces.
Ontdek hoe de Belastingdienst Curaçao de digitale interactie met burgers en bedrijven verbetert met een vernieuwd portaal. Inclusief functies zoals een digitale berichtenbox, zelfbeheer van gegevens, en sterke beveiliging met twee-factorauthenticatie.
Morally and ethically, pushing for parity between women and men in senior business positions is clearly the right thing to do. What also makes the benefits of gender parity compelling is the impact it can have on the commercial performance of businesses — diversity and inclusion can make companies more profitable, innovative and respected.
