WILLEMSTAD – Tax assessments older than five years go into the trash. This has been decided by the cabinet of Curaçao. Minister Silvania of Finance signed the decree to this effect on Friday.
WILLEMSTAD –
Tax assessments older than five years go into the trash. This has been decided by the cabinet of Curaçao. Minister Silvania of Finance signed the decree to this effect on Friday.
Property tax OZB is excluded from the decree.
Property tax OZB is excluded from the decree.
Legal certainty requires that a tax debtor cannot be forced to pay after a very long time without the Tax Collector of Curaçao taking timely action.
Legal certainty requires that a tax debtor cannot be forced to pay after a very long time without the Tax Collector of Curaçao taking timely action.
That is why the legislator has determined that tax debt in principle lapses five years after the date of the assessment. This means that the Tax Collector of the country of Curaçao may no longer institute legal proceedings to force the debtor to pay.
That is why the legislator has determined that tax debt in principle lapses five years after the date of the assessment. This means that the Tax Collector of the country of Curaçao may no longer institute legal proceedings to force the debtor to pay.
The tax debt normally remains. That has been canceled with this decree.
The tax debt normally remains. That has been canceled with this decree.
Collected
Collected
In November, the Treasury Department set aside 235,000 tax assessments due to the statute of limitations. The almost 475 million guilders of these assessments are no longer collected.
In November, the Treasury Department set aside 235,000 tax assessments due to the statute of limitations. The almost 475 million guilders of these assessments are no longer collected.
A taxpayer must formally submit an appeal on prescriptive period, but it has been decided to pro-actively exclude collection of the time-barred assessments. This gives the Tax and Customs Administration more room and capacity to process the current assessments.
A taxpayer must formally submit an appeal on
prescriptive period
, but it has been decided to pro-actively exclude collection of the time-barred assessments. This gives the Tax and Customs Administration more room and capacity to process the current assessments.
“This promotes equal treatment of taxpayers,” says the minister. “Not everyone is familiar with the concept of ‘prescriptive period,’ and not everyone can afford a tax advisor to file a prescriptive period claim.”
“This promotes equal treatment of taxpayers,” says the minister. “Not everyone is familiar with the concept of ‘
prescriptive period
,’ and not everyone can afford a tax advisor to file a
prescriptive period
claim.”
https://www.curacaochronicle.com/post/main/cabinet-pisas-scraps-tax-assessments-from-2017-and-earlier/
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