The Curaçao government approved reform legislation on 30 December 2019 that includes several changes to the country's tax regime from 2020. Some of the main changes are summarized as follows
New Territorial Tax System
A new territorial tax system is introduced that limits taxation to Curaçao-source income and replaces the prior worldwide tax system that exempted certain foreign-source income. Under the new system, the following income is deemed to be Curaçao-source:
- Income from business …