New Tax Laws BES for 2011 

Real Property Tax (Vastgoedbelasting):

The Real Property Tax 4% of the value of the property, the rate will be 25%.This result in an effective tax rate of 1% of the commercial value of the property (WEV)

Distribution Witholding Tax (Opbrengstbelasting):

The rate will be 5%, for the companies residents on the BES islands.

Transfer Tax (Overdrachtsbelasting)

The Tax will be 5%. There is a levy for overdrachtsbelasting when there is a transfer of property or ships.

Income and Wage Tax (Inkomsten- en Loonbelasting):

The new Income and the Wage Tax generally are similar to the former Income Tax. The New Income Tax will be 30,4% for income under the $ 250.000 and on income over the $ 250.000 will be rate at 35,4%

Sales Tax (Algemene Besteding Belasting or ABB):

ABB replaces the Omzetbelasting. The ABB recognizes a number of tariffs: General tariff for Bonaire will be 8%. For Insurances 9%; For Import 0%, on Private Cars 25% and 0% on Low or Zero Emission Cars.

TAX DUE DATES 

Your tax forms and payments are considered on time if they are physically delivered into the tax department on or before the dates shown below.  If the tax forms and payments are not delivered on time, a penalty will be assessed. 

Be sure your tax forms are completely filled in and signed when you deliver them to the tax department. 

For Withholding Tax, Social Security Tax, Extraordinary Illness Insurance,

and for Sales Tax : 

The last dates to file and pay monthly tax liabilities for calendar 2010 are:   

For Room Tax and Car Rental Tax: 

The last dates to file and pay monthly tax liabilities for calendar 2010 are:   

The last dates to file and pay annual tax liabilities for year 2010 are: 

Personal Income Tax      March 01, 2010 

Estimated Profit Tax       March 31, 2010 

Definitive Profit Tax       July 31, 2010