Flag of Curacao>

Economy and Banking Sector of Curacao

Withholding Tax

Withholding taxes are imposed at source of income and are often applied to dividends, interest, royalties, rent and similar payments. The rates of withholding tax are often reduced by double taxation agreements.

Withholding Tax Rates in Curacao: 0.0 - 0.0%

Withholding tax rates applied on payments of interest and dividends in Curacao are shown in Table 1.

Dividends Interest
Natural person, resident 0.0 %0.0 %
Natural person, non-resident 0.0 %0.0 %
Table 1. Withholding tax rates in Curacao.

Double Taxation Agreements

Double Taxation Agreement (DTA) is an agreement between two or more countries for the avoidance of double taxation.

DTAs of Curacao: 4 Signed Agreements

Curacao signed DTAs which already came info force with the following jurisdictions (for agreements which came into force after 1 January 2013 the date of coming into force is given in brackets):

 Aruba
 Netherlands
 Norway
 Sint Maarten (Dutch part)

Information Exchange

There are 3 ways for jusrisdictions to exchange information on tax matters:

  • spontaneously;
  • on request;
  • automatically.

Spontaneous exchange of information is provision of information that is forseeably relevant to another party without a request being previously sent.

Tax Information Exchange Agreements (TIEAs) enable exchange of information on request relating to a specific tax investigation, either criminal or civil.

Automatic information exchange allows jurisdictions to exchange information automatically, without having a specific tax investigation.

Exchange on Request: 23 Signed Agreements

Curacao signed TIEAs which already came info force with the following jurisdictions (for agreements which came into force after 1 January 2013 the date of coming into force is given in brackets):

 Australia
 Canada
 Denmark
 Faroe Islands
 Finland
 France
 Greenland
 Iceland
 Mexico
 New Zealand
 Saint Vincent and The Grenadines
 Spain
 Sweden
 United States

There are also several agreements between Curacao and other jurisdictions which was signed but haven't yet come into force (for agreements signed after 1 January 2013 of signing the agreement is given in brackets):

 Antigua and Barbuda
 Argentina (May 2014)
 Bermuda
 British Virgin Islands
 Cayman Islands
 Colombia (Feb 2013)
 Saint Kitts and Nevis
 Saint Lucia
 United Kingdom

Automatic Exchange: Starts in September 2018

Curacao didn't sign the automatic information exchange agreement but made a commitment to start the automatic information exchange in September 2018.

Automatic Excnange: 0 Bilateral Agreements to Receive Information

Curacao has not singed any bilateral agreements to automatically receive information.

Automatic Excnange: 0 Bilateral Agreements to Send Information

Curacao has not singed any bilateral agreements to automatically send information.

Further Information

FATCA

Foreign Account Tax Compliance Act (FATCA) which became law in the United States in March 2010, focuses on reporting made by foreign financial institutions about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. The FATCA-reporting is facilitated by Intergovernmental Agreements (IGAs).

FATCA Status in Curacao
IGA in effect since 16 December 2014, Model 1

Curacao has FATCA agreement with the U.S. in effect since 16 December 2014 (Intergovernmental Agreement Model 1). Financial institutions operating in Curacao are required to identify U.S. taxpayers by January 1, 2017 and to report the information for 2017 and the subsequent years. The agreement is reciprocal: Curacao's financial accounts hold in U.S. financial institutions will be reported to Curacao's authorities.

Further Information