Curaçao — Turnover tax (TOT)
|General VAT Rate||Other Rates||Local Currency|
|6%||9%, 7%||Antillean Guilder (ANG)|
Curaçao's general VAT rate is 6%, with other rates including 9% and 7% that can apply to certain transactions. The Turnover tax (TOT) is administered by the Inspectie der Belastingen in Willemstad.
Curaçao's consumption tax is called the Turnover tax (TOT), locally known as Omzetbelasting, which was introduced in March 1999.
Curaçao Rates for 2017
- 9%, 7% and exempt
Curaçao TOT number format
Businesses in Curaçao that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Inspectie der Belastingen, and will follow a certain format. The TOT number format is 1XX.XXX.XXX (9 digits).
Curaçao TOT return periods
Businesses in Curaçao that are required to collect tax from consumers must file regular tax returns with the Inspectie der Belastingen in Willemstad. Curaçao's TOT return periods are:
Monthly (or annually on request)
Curaçao Turnover tax (TOT) Thresholds
These are the revenue thresholds at which businesses in Curaçao are required to start collecting and remitting tax.
Recovery of TOT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Curaçao are not required to collect taxes from the consumer.
Curaçao VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Curaçao VAT refund program, more info can be obtained from the Inspectie der Belastingen.
Curaçao Tax Sources & Citations
- EN: Curaçao Value Added Tax
- RU: НДС
- CN: 增值税
- Curaçao Inspectie der Belastingen (accessed 2017)
- Ernst & Young global VAT tax study, Curaçao (updated 2017)
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