[NE] Fiscale Wetgeving 2025

For 21 years, we’ve tracked the proportion of women occupying senior management roles in mid-market companies around the world. The last five years have seen sustained growth on this key measure and, as a result, we now expect parity to be reached in 2051. But, as we’ve said in previous reports, that isn’t soon enough. At the current rate of progress, a young woman starting her career today will be working for more than a quarter of a century before she can expect to work at a mid-market firm with gender parity in top roles. We must act now to increase the pace towards parity – we owe it to women and to the economies and societies that sustain us. And so, it’s apt that the theme for International Women’s Day 2025 is ‘Accelerate Action’. We simply can’t afford another missed generation.

On January 7, 2025, a Ministerial Decree was published to adjust the income tax table in accordance with the State Ordinance Personal Income Tax. This change is meant to improve purchasing power in 2025 and provide financial relief to tax payers.

On December 6, 2024, elections will take place in Aruba. In the party platforms of some political parties participating in the elections, VAT (BTW) is mentioned as a solution to the price increases that have occurred in Aruba over the past years. Below, we discuss why BBO should be replaced by VAT and highlight potential pitfalls. Specific topics will be addressed in future publications. This publication is intended as a general introduction. *BBO stands for BBO/BAVP/BAZV (current tax systems in Aruba).