Do Business in Curaçao

Keep up-to-date financial records for up to 5 years

Agency

Tax Authority

How to?

Optional: Choose a financial administration system or hire a financial administration professional

Rates (in percentage) or flat rate (XCG)

22%

Based on

Profit

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Required Documents

Contact

Personal Income Tax (sole proprietor)

As a sole proprietor in Curaçao, you pay income tax on the profits you earn from economic activities as a sole proprietor.

Calculate income tax at the end of the financial year

Agency

Tax Authority

Rates (in percentage) or flat rate (XCG)

22%

Based on

Profit

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Required Documents

Contact

Submit annual income tax return

Agency

Tax Authority

How to?

Deadline

within 6 months after the end of the financial year.

Rates (in percentage) or flat rate (XCG)

22%

Based on

Profit

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Required Documents

Contact

Required documents profit tax

Pay Corporate Income Tax amount

Agency

Tax Authority

How to?

Online Banking or swipe on location

Rates (in percentage) or flat rate (XCG)

22%

Based on

Profit

Filings (payments) per year

Annual (1x)

Payment form

Online Baking

Profit Tax

Profit tax in Curaçao is the tax that companies pay on their net profits

Calculate profit tax at the end of the financial year

Agency

Tax Authority

How to?

Optional: Choose a financial administration system or hire a financial administration professional

Rates (in percentage) or flat rate (XCG)

22%%

Based on

Profit

Filings (payments) per year

Provisional & Definite (2x)

Payment form

Online Banking

Required Documents

Labor Tax

Labor tax in Curaçao is the tax withheld by employers from employee wages and paid to the Tax Authority on behalf of the worker.

Calculate and withhold tax and contributions via payroll administration

Agency

Tax Authority

How to?

Optional: Choose a payroll administration system or hire a payroll administration professional

Deadline

month’s end

Rates (in percentage) or flat rate (XCG)

9- 47%

Based on

Income

Filings (payments) per year

Monthly (12x)

Payment form

Online Banking

Contact

Fill in total number of employees and total declaration ZV/OV via tax portal

Agency

Tax Authority

How to?

Based on

Income

Filings (payments) per year

Monthly (12x)

Payment form

Online Banking

Contact

File labor tax declaration

Agency

Tax Authority

How to?

Deadline

within 15 days of month’s end

Based on

Income

Filings (payments) per year

Monthly (12x)

Payment form

Online Banking

Contact

Pay Labor tax

Agency

Tax Authority

Deadline

within 15 days of month’s end

Based on

Income

Filings (payments) per year

Monthly (12x)

Payment form

Online Banking

Contact

Pay Labor tax

Agency

Tax Authority

How to?

Deadline

by January 31st of new financial year

Based on

Income

Filings (payments) per year

Monthly (12x)

Payment form

Online Banking

Contact

Revenue/sales tax (OB)

Revenue or Sales Tax (OB) in Curaçao is the tax businesses charge on goods and services sold

Calculate your monthly revenue and applicable sales tax

Agency

Tax Authority

How to?

Use online form in your company account on tax portal

Deadline

within 15 days of month’s end

Rates (in percentage) or flat rate (XCG)

0% – basic goods basket, utilities, medical services, etc.; 9% – luxury goods, cars, boats, restaurants, alcohol, convenience foods; 7% for hotels and insurance; 6% all others

Based on

Revenue

Filings (payments) per year

Monthly (12x), Quarterly (4x) or Annual (1x)

Payment form

Online Banking

Land Tax (OZB)

Land tax in Curaçao is a yearly tax paid by property owners on the value of their land and real estate

Receive provisional tax assessment from Tax Inspectorate

Agency

Tax Authority

Rates (in percentage) or flat rate (XCG)

0.4%
(≤ 350,000
/USD 194,000),
0.5% (350,000
-750,000),
0.6%
(≥ 750,000)

Based on

0.4%
(≤ ANG 350,000
/USD 194,000),
0.5% (ANG 350,000
-750,000),
0.6%
(≥ ANG 750,000)

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Contact

Pay provisional assessments pending final valuation

Agency

Tax Authority

Deadline

as many installments as there are full months remaining after the date of assessment.

Rates (in percentage) or flat rate (XCG)

0.4%
(≤ 350,000
/USD 194,000),
0.5% (350,000
-750,000),
0.6%
(≥ 750,000)

Based on

0.4%
(≤ ANG 350,000
/USD 194,000),
0.5% (ANG 350,000
-750,000),
0.6%
(≥ ANG 750,000)

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Contact

Receive final valuation of the property for a five-year period

Agency

Tax Authority

Rates (in percentage) or flat rate (XCG)

0.4%
(≤ 350,000
/USD 194,000),
0.5% (350,000
-750,000),
0.6%
(≥ 750,000)

Based on

0.4%
(≤ ANG 350,000
/USD 194,000),
0.5% (ANG 350,000
-750,000),
0.6%
(≥ ANG 750,000

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Contact

If applicable, submit appraisal report to raise objection on the value of property

Agency

Tax Authority

Rates (in percentage) or flat rate (XCG)

0.4%
(≤ 350,000
/USD 194,000),
0.5% (350,000
-750,000),
0.6%
(≥ 750,000)

Based on

0.4%
(≤ ANG 350,000
/USD 194,000),
0.5% (ANG 350,000
-750,000),
0.6%
(≥ ANG 750,000)

Filings (payments) per year

Annual (1x)

Payment form

Online Banking

Contact