By Hilbert Haar St. Maarten is not the only little island in deep financial trouble; Aruba has so much headaches over its national budget that the government in Oranjestad will introduce a crisis tax of 2.5 percent that will go into effect on July 1. Aruba also increases tax on fuel by 2 cent per […]
By Hilbert Haar
St. Maarten is not the only little island in deep financial trouble; Aruba has so much headaches over its national budget that the government in Oranjestad will introduce a crisis tax of 2.5 percent that will go into effect on July 1. Aruba also increases tax on fuel by 2 cent per liter. The crisis tax is added to the turnover tax, bringing the level in Aruba to 6 percent. Currently, St. Maarten levies a turnover tax of 5 percent, a tariff that was introduced in 2011. Before that time, turnover tax was 3 percent.
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Source: StMaartenNews http://stmaartennews.com/opinions/irresistible-temptation/
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