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14.3. Calendar of Important Compliance Events

Tax Year

The tax year for companies is equal to the calendar year. However, corporate taxpayers are allowed to adopt a different financial year.

Tax Return Filing

The taxpayer must file a provisional annual corporate income tax return within 5 months from the end of the calendar year, i.e., 31 May. In case the fiscal-year end is different than the calendar year, then the return is required to be filed within 5 months from the end of the corresponding financial year. If the provisional tax return is filed within the due date, then an additional extension of 6 months is granted for filing the final tax return.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, Aruba extended the timeline for filing of corporate tax returns for 2020 by a period of 6 months, i.e., 30 November 2021, for taxpayers following the calendar year, with the exception of financial institutions. The tax authorities extended the timeline for submission of tax returns for 6 months for companies whose financial year does not coincide with the calendar year.

Tax Payments

The corporate tax payment is due on the day the tax return is filed with the tax authorities.

If the tax due in the final corporate tax return is lower than the corporate income tax already paid (based on the provisional return), then the tax authorities shall refund the excess amount within a period of 6 months after the final tax return has been filed.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, Aruba announced an emergency fiscal plan, which includes the following measures:

  • Payment of monthly taxes, including tourist tax, business turnover tax, and certain other taxes, for taxpayers engaged in tourism activities with turnover below AWG 1 million is extended subject to request and demonstration of cash flow problems. Declaration for the months of April, May, and June 2020 is required to be submitted on time, and pursuant to approval and resumption of activities, taxes will be paid in six installments;
  • No payment is required to be made in respect of social security contributions for occupational disability insurance, and national survivor benefits insurance (AOV/AWW) by taxpayers/employers engaged in tourism activities;
  • Deadline for payment of taxes for 2020 is extended by 6 months, i.e., until 30 November 2021 for taxpayers following the calendar year, with the exception of financial institutions;  New flexible payment schemes are provided for taxpayers for tax years 2020 and 2021, including for companies that may opt for tax payment in 3, 6, or 12 months with a minimum repayment amount of AWG 500; and
  • A 30% discount is granted in respect of the lump-sum tax payments of outstanding tax debts that will be made by 30 June 2021, which applies to business taxes assessed up to 31 December 2019, with certain exceptions.

Availability of E-Filing

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