Progress Report 2020 of the Platform for Collaboration on Tax published

On 10 July 2020, the Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and the World Bank – published its Progress Report 2020. The report gives a snapshot of the world's four leading multilateral organisations' co-operation in the area of domestic resource mobilisation (DRM), including in their responses to COVID-19. This was announced in a press release dated 10 July 2020 on the ...
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OECD presents international tax update to G20 Finance Ministers

The OECD Secretary-General Tax Report (July 2020) has been presented to the G20 Finance Ministers and Central Bank Governors. The report has been posted on the website of the OECD. From the overview in the report (page 4 and further): “In responding to this crisis, the tax agenda is more relevant than ever. First, fiscal measures – in particular tax-related measures – have played and will continue to play a ...
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The Platform for Collaboration on Tax invites public comments on the draft Toolkit on Tax Treaty Negotiations

The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – is seeking feedback from the public on a draft toolkit designed to help developing countries build capacity in tax treaty negotiations. This was announced in a press release dated 29 June 2020 on the website of the OECD. PCT's Draft Toolkit on Tax Treaty Negotiations is a joint effort to provide ...
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Platform for Collaboration on Tax releases toolkit to help developing countries tackle the complex issues around taxing offshore indirect transfers of assets

The Platform for Collaboration on Tax (PCT) released a Toolkit on the Taxation of Offshore Indirect Transfers (OIT) providing guidance on the design and implementation issues when one country seeks to tax gains on the sale of interests in an entity owning assets located in that country by an entity which is a tax resident in another country. This is the third Toolkit published by the PCT to provide guidance on areas ...
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IMF-Special Series on Fiscal Policies to Respond to COVID-19. Managing Fiscal Risks Under Fiscal Stress

On the website of the International Monetary Fund (IMF), a note has been published in the Special Series on Fiscal Policies to Respond to COVID-19, which notes focuses on managing fiscal risks under fiscal stress. The rapidly evolving macroeconomic and financial conditions will adversely impact public finances globally. Many governments will see their revenues drop and expenditures rise. Also, more of governments’ outstanding contingent liabilities will be realized. Finally, the ...
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IMF-Special Series on Fiscal Policies to Respond to COVID-19. Public Sector Support to Firms

On the website of the International Monetary Fund (IMF), a note has been published in the Special Series on Fiscal Policies to Respond to COVID-19, which note focuses on public sector support to firms. Public sector support to firms can help address liquidity or solvency needs during the pandemic and ensure that economies are well positioned to rebound once social distancing measures ease. Support should be timely, targeted, and temporary ...
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IMF-Special Series on Fiscal Policies to Respond to COVID-19. Tax and Customs Administration Responses

On the website of the International Monetary Fund (IMF), a note has been published in the Special Series on Fiscal Policies to Respond to COVID-19, which note provides guidance on how revenue agencies can support governments’ responses to the unprecedented challenges posed by the COVID-19 crisis—by maintaining the operation of the revenue system, implementing governments’ measures to address the crisis, supporting the economy and facilitating trade, and protecting the health ...
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IMF-Special Series on Fiscal Policies to Respond to COVID-19. Tax Law Design Considerations When Implementing Responses to the COVID-19 Crisis

On the website of the International Monetary Fund (IMF), a note has been published in the Special Series on Fiscal Policies to Respond to COVID-19, which note focuses on the tax law design considerations that should be taken into account when implementing the temporary measures to be adopted in response to the COVID-19 outbreak. The note referred to above is one of a series of notes produced by the Fiscal ...
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IMF-Special Series on Fiscal Policies to Respond to COVID-19. Tax Issues: An Overview

On the website of the International Monetary Fund (IMF), a note has been published in the Special Series on Fiscal Policies to Respond to COVID-19, in which note the focus is not on general stimulus measures but on immediate, targeted and mostly temporary measures to (i) support health priorities; (ii) secure survival of solvent enterprises; (iii) protect affected individuals; and on (iv) secure or enhance revenue sources into the medium ...
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Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems

The world's four leading multilateral organizations working in the tax area have established their first integrated website containing information on how low- and middle-income countries can strengthen tax systems and mobilise the domestic revenue they need to address some of their urgent development challenges—including the COVID-19 pandemic. The release of the website was announced in a press release published on the website of the OECD. From the press release: The new website ...
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IMF Executive Board Concludes 2019 Article IV Consultation with Curaçao and Sint Maarten. Analysis was prepared before the COVID-19 outbreak which has significantly worsened the outlook. Staff is closely monitoring the situation (Curaçao and Sint Maarten)

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Curaçao and Sint Maarten and considered and endorsed the staff appraisal without a meeting. These consultation discussions form part of the Article IV consultation with the Kingdom of the Netherlands. The Staff Report and the Statement by the Executive Director was released on 1 April 2020, guided by a press release posted on the website ...
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IMF Policy Tracker on Aruba. Summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic (Aruba)

The International Monetary Fund (IMF) has posted a Policy Tracker on its website. The Policy Tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic. The tracker includes 193 economies. The Policy Tracker also contains a section on Aruba: “Aruba has reported 60 positive cases (with no deaths) as of April 3, 2020. The Coronavirus outbreak will affect Aruba through ...
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IMF Policy Paper “Policy Steps to Address the Corona Crisis”

The International Monetary Fund (IMF) has published a Policy Paper “Policy Steps to Address the Corona Crisis”. The policy paper addresses among others (fiscal) actions for monitoring, containing and mitigating the effects of the corona virus. Introduction The introduction in the policy paper reads as follows: “Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory ...
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IMF Staff Technical Assistance Report regarding the real sector statistics mission to Aruba to assist CBS in assessing and improving the national accounts: recommendations on the use of tax data (Aruba)

On 10 March 2020, the Technical Assistance Report regarding the Kingdom of the Netherlands - Aruba was published by the International Monetary Fund (IMF) regarding the technical assistance (TA) mission to Aruba that was undertaken by the Real Sector Statistics Advisor in the Caribbean Regional Technical Assistance Centre (CARTAC) during November 18–27, 2019, to assist the Central Bureau of Statistics of Aruba (CBS) in assessing and improving the national accounts ...
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New OECD self-assessment tool to help tax administrations tackle tax debt and reduce administrative burdens

The OECD has published two self-assessment maturity models on tax debt management and the reduction of compliance burdens, both critical areas for successful tax administration. Maturity models set out descriptions of capabilities and performance in a particular function or set of activities across a number of levels of increasing maturity, in the case of these models from an emerging to an aspirational level. These models, the first in a new ...
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2019 Caribbean Forum: Regional Transformation for Inclusive and Sustainable Growth. Panel discussions will also focus on taxation in the tourism sector and developing an appropriate approach to tax incentives

The Government of Barbados, the Caribbean Development Bank (CDB) and the International Monetary Fund (IMF) organized the 9th Caribbean Forum in Barbados on 6 November 2019, as announced on the website of the IMF. The event brought together senior policymakers, public, private, and multilateral development partners to explore avenues for regional transformation to achieve sustainable and inclusive growth. Panel discussions will focus on leveraging institutional arrangements to boost regional integration, ...
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IMF Working Paper: “A Possible Approach to Fiscal Rules in Small Islands” released

On 6 September 2019, the IMF Working Paper: “A Possible Approach to Fiscal Rules in Small Islands”, prepared by Ryota Nakatani, was released on the website of the IMF (International Monetary Fund). Summary From the summary on the website of the IMF guiding the release: “A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate ...
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Dossier: Belastinghervormingen m.i.v. 2019 (‘reforma fiscal’) (Aruba)

Dossier: Belastinghervormingen m.i.v. 2019 (‘reforma fiscal’) Landsverordening van 21 december 2018 tot wijziging van de Landsverordening grondbelasting (AB 1995 no. GT 3), de Landsverordening belasting over bedrijfsomzetten en additionele voorzieningen PPS-projecten (AB 2006 no. 83) en de Landsverordening bestemmingsheffing AZV (AB 2014 no. 59) PUBLICATIE Publicatie: op 27 december 2018 uitgegeven en geplaatst in het Afkondigingsblad van Aruba, jaargang 2018, nr. 81 (AB 2018 no. 81). BRON: www.gobierno.aw BRON: Staten ...
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Minister Geerlings commenced stakeholder sessions about tax transformation plan to secure country’s future (Sint Maarten)

Minister Geerlings is presenting his Tax Transformation plan to all key stakeholders on Sint Maarten. This was announced with a press release on the website of the central government of Sint Maarten. From the press release: On May 23 and June 10th, the Minister of Finance Hon. Perry Geerlings presented the Government’s Tax Transformation Plan to the Social Economic Council (SER). During the Minister’s presentation, Geerlings highlighted the urgent need ...
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Short-term investment solution in transforming tax administration to take three years, Minister of Finance says (Sint Maarten)

The short-term investment of Naf.37 million in the Capital Account for Transforming the Tax Administration is divided into Naf.32 million for the upgrading of the Tax Department and another Naf.5 million for the necessary improvements in Public Financial Management as noted in the 2015 Kingdom Instruction, Minister of Finance Hon. Perry Geerlings said on Monday, according to a press release dated 26 June 2019 published on the website of the ...
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Transforming tax administration to result in economic revival and secure government finances and investments, Minister of Finance says (Sint Maarten)

The Minister of Finance of Sint Maarten Hon. Perry Geerlings said on Thursday that the transformation of the country’s Tax Administration will result in further national economic recovery and providing a sustainable secure system for future government finances and necessary investments into the public sector, according to a press release dated 21 June 2019 published on the website of the Government of Sint Maarten. From the press release: “For years ...
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IMF: additional measures should contain a mix of tax reforms and expenditure rationalization (Aruba)

IMF Executive Board concluded the 2019 Article IV Consultation with the Kingdom of the Netherlands-Aruba. Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2019 Article IV consultation with the Kingdom of the Netherlands—Aruba, the following documents have been released and are included in this package: A Press Release on the staff report that concluded ...
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Presentatie economisch beleid: een sterke en veerkrachtige economie 2019-2022. Rapport bevat ook passages over voorgenomen belastinghervormingen (Aruba)

De Regering van Aruba heeft haar economisch beleid voor 2019 – 2022 gepresenteerd met de publicatie van het rapport “Economic Policy: a Strong and Resilient Economy 2019-2022”. Dit is bekend gemaakt met een persbericht op de website van de overheid van Aruba. Het economisch beleid zal zich concentreren op de ontwikkeling van een duurzame economische groei met de volgende doelstellingen; het bijdragen aan een hogere kwaliteit van leven voor alle ...
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IMF Staff Concluding Statement of the 2019 Article IV Mission to Aruba

Het Internationaal Monetair Fonds (International Monetary Fund, “IMF”) heeft op 1 april 2019 een Concluding Statement uitgegeven met betrekking tot de “Article IV Mission” naar Aruba: “Kingdom of the Netherlands—Aruba: Staff Concluding Statement of the 2019 Article IV Mission”. In het Concluding Statement laat het IMF zich ook uit over de belastinghervormingen. Hieronder nemen wij de Concluding Statement op: “Kingdom of the Netherlands—Aruba: Staff Concluding Statement of the 2019 Article ...
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Regering: IMF positief over fiscale hervorming en herstructurering overheidsfinanciën. Overheidspersoneelskosten en AZV-uitgaven moeten ook worden aangepakt (Aruba)

De regering van Aruba heeft bekendgemaakt dat de evaluatie door het IMF met betrekking tot de financiële en economische situatie op Aruba positief zijn. Zo worden de conclusies en aanbevelingen van het IMF door de Regering van Aruba in een persbericht samengevat. Het persbericht is op 4 april 2019 op de website van de overheid van Aruba geplaatst. Het betreft hier de financiële en economische evaluatie die elke twee jaar ...
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IMF Country Report on Curaçao and Sint Maarten: 2018 Article IV Consultation

On 25 January 2019 the International Monetary Fund (IMF) published its Country Report “Kingdom of the Netherlands—Curaçao and Sint Maarten: 2018 Article IV Consultation Discussions”. Hereunder we will take up the integral texts (however without footnotes!) of the Press Release, the Executive Board Assessment and the Staff Report for the 2018 Article IV Consultation Discussions in the report. Furthermore, for both Curaçao and Sint Maarten we have filtered phrases from ...
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Persbericht website overheid inzake verhoging invoerrechten en accijns op wijn, tabak en gedistilleerd

Op de website van de overheid van Aruba is een persbericht verschenen inzake de verhoging van de accijns en invoerrechten op gedistilleerde en gegiste dranken. In het persbericht zijn nuttige tabellen opgenomen met oude tarieven, verhogingen, nieuwe tarieven e.d. Klik hier voor de link naar het bovengenoemde persbericht van 23 januari 2019 op de website van de overheid van Aruba. Deze verhoging vond plaats krachtens het Landsbesluit, houdende algemene maatregelen, van ...
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Berichten op websites overheid en belastingdienst over wijzigingen IB en LB tarieven per 1 jan 2019, met voorbeeld en excelsheet voor berekening belasting

Op de websites van de centrale overheid van Aruba (www.gobierno.aw) en van de belastingdienst van Aruba (www.impuesto.aw) zijn nieuwsberichten verschenen over de wijzigingen van de inkomstenbelasting (IB) en loonbelasting (LB) -tarieven per 1 jan 2019. Klik hier om naar het Nederlandstalige nieuwsbericht op de website van de centrale overheid te gaan en klik hier om naar het Papiamentstalige persbericht op de website van de belastingdienst te gaan. Beide berichten bevatten ...
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Vermindering grondbelasting voor 28 duizend personen, aldus persbericht op website overheid

Op de website van de centrale overheid van Aruba is een persbericht verschenen over de aanpassing van de tarieven van de grondbelasting in het kader van de fiscale hervormingen. In dat persbericht wordt door de Regering het volgende medegedeeld. “Grondbelasting, is een belasting die  betaald wordt door woningbezitters en of eigenaren van onroerend goed zal ook worden aangepast. De wijzigingen zijn gebaseerd op de waarde van het onroerend goed; hoe ...
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Berichten op websites overheid en belastingdienst over belangrijkste wijzigingen BBO, BAVP en BAZV per 1 jan 2019

Op de websites van de centrale overheid van Aruba (www.gobierno.aw) en van de belastingdienst van Aruba (www.impuesto.aw) zijn nieuwsberichten verschenen over de belangrijkste wijzigingen van de BBO, BAVP en BAZV per 1 jan 2019. Klik hier om naar het Nederlandstalige nieuwsbericht op de website van de centrale overheid te gaan en klik hier om naar het Papiamentstalige persbericht op de website van de belastingdienst te gaan. Zie onder meer ook: ...
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