Aruba offers an attractive business environment with its territorial tax system and competitive corporate income tax rates. Businesses operating in Aruba should be aware of the corporate income tax rates ranging from 25% to 35%, as well as other taxes such as profit tax for sole proprietorships and partnerships, social security and wage taxes, property tax, turnover tax (BBO), and any specific taxes applicable to their industry. To ensure compliance and obtain accurate information, it is advisable to consult with a tax professional or refer to the official website of the Aruban Tax Authority for the most recent tax regulations and requirements.
Aruba operates a territorial tax system, meaning that only income generated within the country is subject to taxation. As of the knowledge cutoff date in September 2021, the corporate income tax rate in Aruba is progressive, with rates ranging from 25% to 35%. The applicable rate depends on the annual taxable income of the business.
For accurate and up-to-date information on business taxes in Aruba, it is advisable to visit the official website of the Aruban Tax Authority. The website provides comprehensive details, forms, guidelines, and contact information for tax-related inquiries.
Aruban Tax Authority Website: Official Aruban Tax Authority Website