Tax rates at a glance
(As of August 8 2009)
| Corporate income tax rate |
34.5%(a) |
| Capital gains tax rate |
34.5%(b) |
| Branch tax rate |
34.5%(a) |
Withholding tax |
|
| Dividends |
0% (c) |
| Interest |
0% (d) |
| Royalties from patents and licences |
0% |
| Branch remittance tax |
0% |
Net operating losses (years) |
|
| Carryback |
No |
| Carryforward |
10 |
(a) Consisting of a 30% income tax rate and 15% municipal surtax; this is applicable to all taxpayers, and based on the income tax rate. Corporate Income tax is imposed on a company's profits, which consist of Business/Trading Income, Passive Income and Capital Gains. Normal business expenses may be deducted in computing taxable income. Dividends are not taxed if received from affiliated companies that are established in the Netherlands or the Netherlands Antilles. 5% of dividends received from exempt NABV or a company established outside the Kingdom of the Netherlands will be subject to a 34.5% corporate income tax.
(b) Capital gains are included in profits and taxed at the normal corporate income tax rate. Under the participation exemption, Capital gains derived from the disposal of a qualifying participation are fully exempt or exempted for 95%.
(c) Although a Dividend withholding Tax Ordinance, which provides for a 10% withholding tax on certain dividend distribution, has been introduced but not yet applied.
(d) A withholding tax on interest applies based on the EU savings and interest and royalties directive
Source: Professionals from Taxand Curacao N.A., the Curacao member of the Taxand global network of leading independent tax firms