DH | MAN: amending profit tax urgent

The amendment includes restriction of the exempted partnerships, exemptions for participants and the rulings policy in the Antillean legislation. The bill resulted from pressure from among others the European Union.

WILLEMSTAD–Antillean Parliament member Dwigno Puriel (MAN) wants the Central Government to make an effort to amend the National Ordinance Profit tax. In a letter to Finance Minister Ersilia de Lannooy (PNP), he emphasised the urgency of the matter.

The last time Parliament discussed this subject was in February of this year with representatives of the Curaçao International Financial Services Association Cifa and the International Financial Group (IFG). It then appeared that there was a big difference of opinion between both parties so the meeting was adjourned for deliberation and it was decided that there ought to be further deliberations between all parties involved in this sector.

Puriel learned that Cifa, which says that it can count on the support of all the businesses within the sector, has already urged government on numerous occasions to consider the amendment. Cifa asked Parliament once more in its last letter dated August 5 to approve the amendment in a public meeting.

Puriel says that he agrees with Cifa’s viewpoint that the proposal is urgent. He wants to know from government why it cannot consider this proposal soon and is asking the minister to give him clarity on this before October 10.

The amendment includes restriction of the exempted partnerships, exemptions for participants and the rulings policy in the Antillean legislation. The bill resulted from pressure from among others the European Union.

Bron: Daily Herald

 

 

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