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Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Indirect tax snapshot
Please click on each section to expand further:
Aruba does not have a value-added tax (VAT) or sales tax but does have a business turnover tax. Turnover tax is levied from entrepreneurs at the rate of 6% on the supply of goods or provision of services rendered in Aruba. Turnover tax is not levied at import at the moment. A turnover tax exemption is applicable on exports.
In the case of goods, the place of the taxable event is either where the transportation starts (if sold abroad) or at the physical location of the goods at the moment it is delivered. The place of the taxable event with regard to services is generally the place where the entrepreneur is established or from where one has a PE from which the service is rendered. As an exception to the aforementioned general rule, the place of the taxable event for certain services (e.g. services related to a real property) is the place where the actual services are rendered (e.g. the place where the real property is situated).
Some exemptions from turnover tax on goods exist and are amongst others:
- The sale of immovable property if it is subject to transfer tax.
- Water, electricity and gas.
- Free zone companies in as far as turnover is generated with sales abroad.
Some exemptions from turnover tax on services exist and are amongst others on revenue generated from:
- Hotel rooms or leasing of apartments, if taxed with tourism levy.
- Casino revenues.
- International transport of goods and services by way of airplane or ship.
- Life and pension insurances.
- Interest, dividends, and capital gains of shares and securities.
No, however upon request, there is a small business regulation applicable in Aruba for sole proprietorships. The threshold/maximum turnover of the small business is Afl. 12,000 a year. Sole proprietorships with a revenue below this amount are not subject to the turnover tax. As of 2021 a fiscal incentive plan is in place which has increased the turnover threshold to Afl. 84,000 a year.
Not applicable. Non-established businesses should only register for turnover tax purposes in case the business is subject to those taxes in Aruba.
A turnover tax return must be submitted on a monthly basis. The turnover tax is due on a monthly basis within 15 days of the calendar month following the calendar month in which the turnover tax is due.
A default surcharge penalty may be imposed by the tax authority if the turnover tax returns are not submitted on time, or the related tax is not (fully) paid by the due date. The penalty varies between a minimum of Afl. 250 and a maximum of Afl. 10.000.
A penalty can also be imposed by the tax authorities due to the gross negligence of the taxpayer. The maximum amount of the penalty imposed can be 100% of the tax due.
No other declarations or returns are required in relation to the turnover tax in Aruba.
A penalty can also be imposed by the tax authorities due to the gross negligence of the taxpayer.
Not applicable. The turnover tax is not a VAT system.
A turnover tax invoice must show:
• An invoice number that is unique and sequential.
• The entrepreneur’s name, address, and personal identification number for tax purposes.
• The invoice date.
• Mention the date on which the goods are delivered or the service is performed.
• The customer's name and address.
• A description of the goods sold and delivered and/or the services rendered, including quantities involved.
• The remuneration owed.
As of January 1, 2019, the turnover tax amount may no longer be mentioned on the invoice, but must be included in the price.
There are no current or anticipated Standard Audit File for Tax (SAF-T) or similar electronic/digital filing requirements. The turnover tax returns are filed digitally on the online portal of the Aruba tax authorities.
For further information on indirect tax in Aruba please contact: