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Local Items: 27/3/10 tax news from Holland
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27/3/10 tax news from Holland
| By Bruce Zavon (Experienced BonaireTalker - Post #122) on Tuesday, March 30, 2010 - 9:43 am: |
Looks like an active discussion but no conclusion yet. The zero rate profit tax for business is apparently still being seriously considered. I don't know the source, passing this along from a friend who emailed it to me. When I can find the source I'll give proper credit. The translation is a little off too:
Many questions left regarding BES-tax law
27 Maart, 2010, 09:44 (GMT -04:00)
KRALENDIJK — From the report of the NAAZ-committee (Netherlands Antillean and Aruban Affairs), it appears the committee is still burdened with a considerable number of questions after the preparation of the BES-tax law. Questions on the realization of the future tax system and its contents.
For instance, the specific interpretation of the separate public bodies for the tax fields is not clear (yet). Therefore, the CDA-party wonders whether the foreign investors will not become the victim of uncertainties on the (maximum) local levying. The new tax system includes national and island territorial levying. Bonaire, Saba and St. Eustatius are to determine the latter themselves.
PvdA wants to know how one will inform the island-population of the tax-changes and if there will be a special Tax telephone number for the BES-Islands.
For the basis of the new tax law, it is important that citizens know the law will be upheld correctly. Members of the PvdA-party wonder whether BES has considered extra capacity during the starting years to realize this. The party also wonders when the new tax system of Curaçao will be announced so that it becomes clear if the BES-Islands will attract companies currently established on Curaçao. The tax on profits will disappear in the BES-tax law and replaced by a 5-percent levy on distribution of profits.
VVD misses every business basis ‘from the principle that an equal burden of regular expenses remains at macro level, apart from the disputable understanding bases.
The VVD party-members also wonder if and how a bearing surface measuring had been held amongst the population of the BES-Islands, and on which findings this conclusion is based that this proposed tax system is supported by the population.
SP wonders why Bonaire, Saba and St. Eustatius will have a level tax, while this is not the case with the rest of the Kingdom. ‘The main reasons for the deviant system appear that Bonaire, Saba and St. Eustatius are located in the Caribbean region. Why does this location imply the implementation of a level tax?’ The party also wants to know the reason for abolishing the tax on profits.
Once all questions have been answered, the Lower Chamber will discuss the BES tax law.
| By Bruce Zavon (Experienced BonaireTalker - Post #124) on Tuesday, March 30, 2010 - 10:14 am: |
It was from the Amigoe newspaper
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