What is the level of Curacao corporate taxing?
A BV company operating in Curacao’s E-Zone today can pay a corporate tax rate of just 2%, with no restriction on the distribution of dividends. It’s essential, though, to get the structure right from the very beginning, so you should let our experts guide you from start to finish. At present there is no Curacao gambling tax.
What taxes apply to gambling operators?
Of all the major online gaming jurisdictions, Curacao offers the most favorable gaming tax provisions of any in the world. Most international e-gaming operators are double taxed. The GGR (gross gaming revenue) tax is levied on the net profit on the actual gaming (bets minus payouts), and can range as high as 25%. Next, companies are taxed on their own net profits (income minus expenditure) and are lucky if that can be lower than 15%.
Curacao does not levy any tax on gaming profit (or rather, the GGR tax rate is zero.) Companies set up with our guidance with the proper corporate structure only pay 2% tax on net profit, and can redeem 98% in tax-free dividends to shareholders.
Where is the Curacao E-Zone
The E-zone (economic zone) is a government-designated area inside Curacao. Only companies doing export-oriented business are allowed to establish themselves in the economic zone. The customers of these companies must be located outside Curacao, which is also a requirement of the e-gaming sub-license, which forbids access to Curacao residents.
Is Curaçao turnover subject to VAT in the EU?
Yes, but this is dependent on the nature of the turnover. VAT is payable on whether you sell goods or services, B2B or B2C, and on the level of sales in individual countries. It’s best to get professional advice from our experts, because this issue can be avoided with the proper corporate setup.
The authority is maintaining fair practice governance over online providers. Full paper audit trails of every player are kept, with their personal details and movement of funds.
