I haven’t heard anybody on here talk about the increase in condominium property taxes for non-residents announced by the prime minister earlier this week.
The rate will go from 0.4% to 0.6% effective January 1, 2019 . That’s a 50% increase.
This not only punishes those who have shown faith in Aruba by making it their part-time home but sends a warning to future investors.
It’s a shame that this new government can’t find innovative means of increasing revenues or reducing costs without implementing such drastic measures.
Comments?
*It does seem that the tax increases have been applied to reduce the burden on lower income residents. So, there is some good.
“GRONDBELASTING PA ESNAN DEN EXTERIORDi otro banda, esnan cu no ta biba na Aruba, pero tin propiedad na Aruba, manera condominium, ta bay paga un tarifa mas halto, 0.6% pa asina contribui na economia di nos pais. Companianan cu tin propiedad commercial tambe, lo mira un aumento di tarifa na 0.6%. Pero di otro banda, nan ta bay haya un rebaho di e belasting riba dividend. “
link to the entire news article (sorry, not translated):
https://www.noticiacla.com/news/14431