Code of Coduct Group letter

February 18, 2019

At the end of January 2019, the “Code of Conduct Group” of the Council of the European Union has unfortunately found, as part of the assessment of the measures taken by Curaçao to meet its commitment to abolish the preferential tax regimes before the end of 2018, the introduction of the exemption for foreign source income to be harmful. The exemption for foreign source income was assessed by the Code of Conduct Group at its meeting of 29 January 2019 based on a number of criteria. The conclusion is that this exemption has comparable harmful effects as the preferential tax regimes that have recently been abolished.


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