Press release

SER Curaçao discusses proposed tax reforms with fiscal experts

 

Willemstad, January 28, 2025 – During a special preparatory meeting on Friday, January 24, 2025, the Social Economic Council (SER) of Curaçao received a comprehensive fiscal and technical briefing from the Director of Fiscal Affairs, supported by a team of seasoned tax experts. The session focused on two key draft ordinances: the ‘Minimum Taxation 2024’ and the ‘Tax Reform 2025’.

These proposed reforms directly address international obligations and evolving economic trends. The draft ordinance on ‘Minimum Taxation 2024’ seeks to implement OECD rules mandating a minimum tax rate of 15% for multinational corporations, aimed at curbing profit shifting and tax avoidance. Meanwhile, the ‘Tax Reform 2025’ draft ordinance is designed to bolster the tax base, address legislative gaps, and simplify regulations, all while improving Curaçao’s appeal as an investment destination.

The meeting provided a platform for an in-depth discussion of the technical and policy implications of these reforms. The briefing underscored the urgency of timely implementation, emphasizing that the reforms are not only critical to safeguarding tax revenues but also to maintaining Curaçao’s international competitiveness.

The SER regards these legislative proposals as important to the island’s socioeconomic future. Drawing on the insights gained during the meeting and its independent analysis, the SER will deliver a carefully considered recommendation to the government. This advice is expected to contribute to balanced decision-making that aligns with the interests of both the Curaçaoan community and its economy.

 

 

Share