On 30 December 2014, Curacao's parliament adopted the Ordinance Tax Revisions 2015-2016. The main corporate tax related changes are summarized as follows.
Investment Allowance
The investment allowance of 8% of the acquisition cost assets (12% for buildings) is changed to 10%. Originally available in the year of investment and the following year, the allowance is now only available in the year of investment. The rules for investments made prior to 1 January 2015 continue to apply.
General…