Official Aruba Community Forum - View Single Post - US citizens / Aruba residents

Pendell · 03-08-2009, 10:31 AM

My advice to all members of the board is to avoid buying property in Aruba until such time as the government initiates an agreement with the US, similar to the one they have with Holland, that income is not subject to double taxation.

The former post is correct, that many Americans will be leaving the Island. It is no longer financially viable to retire here.

Right now they can get their hands on all US income, including pension and retirement income, which, by the way, you must declare to obtain legal residency. The tax rate, depending on your bracket, may be up to 58%, and they don't want to hear that you have already have been taxed on it.

For those looking at time shares, remember that if you want to stay here for more than 30 days, taking advantage of the 180 day rule, you must register with the government. This means that they MAY have taken the first step in imposing fees on you as well. It's the government - its good to be king.

03-08-2009, 10:31 AM	#7 (permalink)
Pendell Junior Member Join Date: Mar 2009 Posts: 3	double taxation My advice to all members of the board is to avoid buying property in Aruba until such time as the government initiates an agreement with the US, similar to the one they have with Holland, that income is not subject to double taxation. The former post is correct, that many Americans will be leaving the Island. It is no longer financially viable to retire here. Right now they can get their hands on all US income, including pension and retirement income, which, by the way, you must declare to obtain legal residency. The tax rate, depending on your bracket, may be up to 58%, and they don't want to hear that you have already have been taxed on it. For those looking at time shares, remember that if you want to stay here for more than 30 days, taking advantage of the 180 day rule, you must register with the government. This means that they MAY have taken the first step in imposing fees on you as well. It's the government - its good to be king.