Tax system of Caribbean Netherlands will be more like Dutch system

What changes?

Is your business located in the Caribbean Netherlands (Bonaire, St. Eustatius, and Saba) and do you pay taxes there? The tax system of the Caribbean Netherlands will change in the coming years, to be more like the Dutch tax system. Most changes apply to the Algemene Bestedingsbelasting Bedrijven (ABB, tax on service and deliveries) and the Opbrengstbelastingtax on profits):

• The turnover limit for participation in the Small Businesses Scheme (KOR) will increase from USD 20,000 to USD 30,000. This will make it possible for more businesses to use the KOR. You will have fewer administrative obligations.
• You will have to pay the high rate for importing pickup trucks and delivery vans in the ABB.
• The application range for using the Opbrengstbelasting will be extended, so that more businesses can make use of it. The conditions for holding companies will become stricter: you need to have a business location decree. You can apply for one at the Belastingdienst (Tax Administration).
• The ABB integration levy will be cancelled. This will make it easier for you to convert empty office buildings to residential properties, for example.
• Are you buying business premises? From now on, you will have to report to the Belastingdienst that you are the new owner, and pay property tax.

You can find more information on all changes in the tax system of the Caribbean Netherlands in Belangrijkste wijzigingen belastingen 2024 (pdf, from page 37 for English)

For whom?

• entrepreneurs located in the Caribbean Netherlands (Bonaire, St. Eustace, and Saba).

When?

The change in law will enter into effect on 1 January 2024.