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Aruba Approves 2020 Budget Without Fiscal Reforms Due to COVID-19 Pandemic

|Approved Changes|Aruba
Aruba

The Aruba government has issued a release announcing that planned fiscal reforms measures have been removed from the 2020 Budget due to the COVID-19 pandemic, which included measures of the second phase of Aruba's reforms plans. The plans include, among others, the introduction of business turnover tax (BBO) at a rate of 6% on imported goods, a reduction in the corporate tax rate, the abolishm…

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