Aruba has published Ministerial Decision on exemptions in relation to the recent introduction of the crisis levy (BAVP) and the removal of certain prior exemptions effective 1 July 2018 ({News-2018-07-11/A/2-previous coverage}). BAVP is charged in addition to the business turnover tax (BBO) and the health tax (BAZV). The Ministerial Decision includes exemptions from BAVP, BBO, and BAZV on:
- Turnover generated by authorized credit institutions through foreign exchange transactions and through…