Curaçao Moves Forward with Global Minimum Tax Legislation: National Ordinance on Minimum Tax 2024 Submitted to Parliament!

December 29, 2025

The Curaçao Ministry of Finance has recently issued a press release announcing that the draft National Ordinance on Minimum Tax 2024, which was previously made public for consultation, has now been formally submitted to the Parliament of Curaçao.

Once enacted, this National Ordinance will constitute Curaçao’s domestic implementation of the international agreements on the global minimum tax for multinational enterprise (MNE) groups, commonly referred to as Pillar Two. Pillar Two aims to ensure that qualifying MNE groups are subject to a minimum effective tax rate of 15%, irrespective of the jurisdictions in which they operate.

According to the press release, a thorough parliamentary review of the draft legislation is considered appropriate given its complex nature and international interdependencies. The parliamentary review process is currently expected to take place in January 2026.

Notably, the press release reiterates the government’s intention not to deviate from the proposed retroactive application of the National Ordinance, with an envisaged effective date of 1 January 2025.

The proposed legislation will have far-reaching implications for qualifying entities and is highly complex from both a technical and compliance perspective. Our professionals have been proactively preparing for these developments. Should you have any questions or require assistance in relation to the draft National Ordinance or its potential impact on your organization, please do not hesitate to contact us.