Tax on Curacao

When renting out real estate located in Curaçao, 65% of the rental income is taken into account as taxable income. The costs charged by the lessor (tenant charges) are not regarded as rental income. This could include, for example, costs for electricity and garden maintenance. These costs can be directly deducted from the rental income

After the fixed deduction of 35%, any interest charges may be deducted from the financing of the property, as well as the premium of a term life insurance policy associated with that loan.

If the property is sold for an amount higher than the purchase price, no tax is due on it.

Rental income is taxed at the progressive income tax rate. The following rates apply for 2022:

More than	But not more than	Due IB	Tax rate
I	II	III	IV
ANG 0	ANG 33.312	ANG 0	9,75%
ANG 33.212	ANG 44.283	ANG 3.239	15%
ANG 44.283	ANG 66.426	ANG 4.899	23%
ANG 66.426	ANG 94.102	ANG 9.992	30%
ANG 94.102	ANG 138.386	ANG 18.295	37,50%
ANG 138.386	-	ANG 34.901	46,50%

In addition, there are various compliance obligations for the other Curaçao taxes (sales tax, property tax).

Guardhouse Financial Services is happy to assist you in optimizing your tax position. Contact Guardhouse Financial Services, the expert in taxation and real estate, today for a no-obligation introduction.