Of the 1.069 million florins, the Tax Department collected 550 million florins (51%) in tax income and 519 million florins (49%) in tourism tax, AOV/AWW, and AZV premiums, ground leases, and from DIMAS permits income.
Income compared to 2019 and 2022
Compared to 2019, income is 19% above the income level of 2019, the first year of the pandemic. Compared to 2022, the Tax Departments also registered a significant increase of 38% in direct and indirect tax income for the first part (January to June) of 2023. The income increase compared to 2019 and 2022 reflects, among others, the adjustment of the BBO percentage effective January 2023 and the adjustment and distribution of the tourism tax income.
Below is an overview of the numbers:
(Rounded amounts)
Amount |
Income 2023 |
Income 2022 |
|
---|---|---|---|
Income from direct and indirect tax | 38% | 550 million | 399 million |
Income destined for other entities. | 11% | 519 million |
469 million |
Total | 1.069 million | 868 million |
The direct and indirect tax income increased by 38% compared to the same period in 2022 and represents 62% of the budget of the Country of Aruba for 2023. The income destined for other entities increased by 11%. The income increase for the first part of 2023 is 23% compared to 2022.
Tax Plan 2023 and Compliance
These figures indicate the Tax Plan 2023 effects and the Tax Department’s continued efforts to increase tax compliance. These numbers also show the positive effects of Aruba’s economic recovery.
The Tax Department is working hard to improve compliance. The Tax Department’s staff and personnel are doing their utmost efforts to facilitate taxpayers to comply with their fiscal obligations. The ultimate goal is for all taxpayers to be aware of their tax duties and to comply on time to prevent additional fines or interest.
As Aruban citizens, we must comply with our responsibility to declare and pay our taxes for the well-being of us and our country.
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