By F. Damian Leo
Corporate source of revenue taxation within the Netherlands Antilles is embodied in a legislation of a complete of fifty seven articles, i.e. Articles" 1 to fifty four and Articles 8A, 9A and 14A. The legislation is split into 9 chapters. bankruptcy I (Articles 1 to sixteen) includes the important component of the legislations and Chapters II to IX are the procedural articles, the penal sanctions, transistory and efficiency provisions. Articles 8A, 9A, 14 and 14A are the Articles which considerably keep watch over the taxation of off-shore or non-resident businesses. it's going to be famous even though, that every one the opposite articles of the legislations including extra laws, e.g. warranty legislations of 1969, (exept while particularly excluded) are likewise appropriate to off-shore com panies. therefore, ideas on allowable and allocable deductions, loss hold ahead, overview and assortment are exact for either off-shore and on-shore businesses. it's a tribute to the legislators who drafted and enacted the current legislation and the officers who execute it that completely divergent taxation regimes paintings in appropriate concord. heritage and history ahead of the creation of the legislations on company source of revenue taxation in 1940, there existed one legislation on own source of revenue and on gains of entities, regulated within the source of revenue Tax legislations of 1906.
Read or Download Corporate Taxation in the Netherlands Antilles PDF
Similar public finance books
The method of social coverage formation in rising marketplace economies has only in the near past won the eye of researchers. within the wake of the implementation of wide reforms according to macroeconomic stabilization, industry liberalization, and firm privatization, questions arose as to why the results for operating humans in these international locations were lower than was hoping for.
Towns, counties, institution districts and different neighborhood governments have suffered a lasting interval of economic demanding situations because the starting of the nice Recession. Metropolitan governments proceed to regulate to the "new common" of sharply reduce estate values, shopper revenues, and private source of revenue.
This booklet explores the studies of simplification in various international locations and jurisdictions.
This quantity displays at the outcomes of the more and more globalized nature of our international for public area administration. Globalization has caused quick progress in exchange, worldwide monetary transactions and cross-country possession of financial resources. the results of those multifaceted strategies for the welfare of today’s and tomorrow’s societies are doubtful.
- Bulgaria: Public Expenditure Issues and Directions for Reform (World Bank Country Study)
- Asian Economy and Finance:: A Post-Crisis Perspective (Innovations in Financial Markets and Institutions)
- Corporate Taxation in a Dynamic World
- Finances publiques
Additional info for Corporate Taxation in the Netherlands Antilles
This exclusion was revised in 1969 35 by the enactment of the law which classified 'interest enjoyed on credit balances with banking institutions situated within the Netherlands Antilles' 36 as entitled to the lower taxation privilege. The article is not explicit about commercial or credit transactions between two Netherlands Antilles off-shore companies as it is explicit under Articles 4 or 11. However, by implication, the grant of a foreign exchange license to an off-shore company by the Bank of the Netherlands Antilles, the grantee of the license is considered as a nonresident.
136). Bank van de Nederlandse Antillen, Quarterly Bulletin, 1975, vol. 3-4, p. 13. Article 1, paragraph 2, Winstbelasting 1940. 49 OFF-SHORE COMPANffiS- LOW RATES 2. In deviation of the provisions of Paragraph I under letter a, the provisions of this article shall not apply to a corporation, which has been subject to corporate income tax for a preceding fiscal year on a basis other than that provided for in this article, unless a request in writting is made with to Inspector of Taxes. The Inspector of Taxes will only grant such a request if the corporation concerned values its assets and liabilities, as referred to in paragraph I 0, in its balance sheet as of the close of the fiscal year preceding the fiscal year to which the application of the provisions of this article is requested, at their market value.
Investment allowance. c. Accelerated depreciation. d. Deductibility of reserves set aside to spread and equalize costs; replacement of depreciable assets and insurance. e. Unlimited time for loss-carry-forward for losses sustained for the first six years, with subsequent losses carried forward for a six year period. The advantages of this Article may be availed of by shipping or airline corporations and partnerships established under the laws of the Netherlands Antilles. For companies engaged in transportation rather than chartering, the day-to-day management must be conducted within the Netherlands Antilles.