Employer Tax Contributions

Tax Type	Rate	Base
AOV (Old Age Pension)	9.0%	Gross salary up to ANG 100,000
AWW (Widows' & Orphans' Insurance)	0.5%	Gross salary up to ANG 100,000
BVZ (Basic Health Care Insurance)	9.3%	Gross salary up to ANG 150,000
OV (Accident Insurance)	0.5% to 5% (risk-dependent)	Gross salary up to ANG 6,671.60 per month
ZV (Sickness Insurance)	1.9%	Gross salary not exceeding ANG 81,229.20
AVBZ (Exceptional Medical Expenses)	0.5%	Taxable income up to ANG 574,189.07
Wage Tax (Loonbelasting)	Progressive rates	Employee's gross salary
Cessantia (Severance Pay)	ANG 40 per employee annually	Per employee

Filing & Compliance

• Monthly Reporting & Payment: Wage tax and social security contributions due for a given month must be reported and paid by the 15th day of the following month.
• Annual Wage Summary (Jaaropgaaf): Employers must provide each employee with an annual wage summary detailing gross salary, wage tax withheld, and social security contributions for the preceding calendar year.
• Annual Payroll Summary: Employers must submit the payroll summary to the Tax Authority by November 1.

In Curaçao, employee tax deductions encompass various areas, including income tax, social security contributions, and other specific deductions.

Income Tax

Individual income tax in Curaçao is progressive, meaning higher earners pay a higher percentage of their income in taxes. As of 2025, the tax brackets and rates are as follows:

• Up to ANG 38,225: 9.75%
• ANG 38,226 to ANG 50,968: 15%
• Income above ANG 50,968: 23%, 28%, and 34% (exact thresholds yet to be confirmed for 2025, but they will fall within this income range.)

Social Security Contributions

Both employers and employees contribute to the social security system. The exact percentages and thresholds for 2025 are still to be confirmed by official sources. Check with the Curaçao Ministry of Finance for updated information.

Other Deductions

Several other deductions may apply, depending on individual circumstances:

• Pension Contributions: Contributions to recognized pension schemes are typically tax-deductible.
• Alimony Payments: Alimony or spousal support payments might be deductible.
• Study Loan Interest: Interest paid on student loans may be deductible up to a certain limit. Verify the latest regulations with official tax authorities.

Expatriate Status

Employees who haven't worked in Curaçao for at least five years and earn at least ANG 150,000 annually may qualify for "expat status." Benefits include tax-free allowances for benefits in kind (up to ANG 15,000 annually), school fees, and house rent.

Employer Obligations

Employers in Curaçao have several tax obligations, including withholding income tax and social security contributions from employee salaries and remitting these to the tax authorities. Deadlines and filing procedures vary depending on the type of tax and the size of the business. Some key deadlines from previous years include annual sales tax return by January 15th of the following year and quarterly sales tax return (for those eligible) by the 15th of the month after quarter-end. Always verify the most current deadlines provided by the Curaçao Ministry of Finance. Additionally, employers must file payroll summaries, typically by November 1st for the preceding year, even if they no longer have employees or are inactive. Failure to comply with tax obligations may result in penalties.

Tax Filing

Individual taxpayers must file an annual income tax return. The deadline is typically two months after receiving the tax form or an online filing invitation. Businesses generally must file tax returns electronically. As of February 5, 2025, the exact filing frequency for sales tax has been clarified: annual filing for turnover under ANG 30,000, quarterly for turnover between ANG 30,000 and ANG 75,000, and monthly for turnover exceeding ANG 75,000.

Global Minimum Tax (Pillar Two)

Curaçao plans to implement a global minimum tax of 15% for large multinational enterprises (MNEs) with consolidated revenue of at least 750 million euros, starting from December 31, 2024. This follows the OECD's Pillar Two framework.

It is crucial to consult with a tax advisor or the Curaçao tax authorities for the most up-to-date and detailed information specific to your situation. Tax laws and regulations are subject to change, and this overview is current as of February 5, 2025.