• Obligation to file Real Estate Tax Return

Obligation to file Real Estate Tax Return

27 February 2020

The Curaçao Real Estate Tax Ordinance 2014 (hereafter: “RET”)  has been amended as of September 1, 2019.  To summarize the recent changes, please note that this new amended legislation prescribes that if a taxpayer has not been issued an RET assessment in the preceding 5 years (2014 -2018) for real estate owned, or the limited right to make use of the real estate, the concerned taxpayer should file a tax return before March 1, 2020.

The aforementioned tax return can be submitted by means of a letter addressed to the Tax Inspector, addressed to the Property Tax Department, stating at least the following:

  • name of the taxpayer;
  • address of the taxpayer;
  • crib-number of the taxpayer;
  • the date of acquisition of the real estate;
  • the address of the immovable property;
  • the date of commencement of the enjoyment of the immovable property;
  • the nature of enjoyment of the real estate, thus by virtue of ownership, possession or a limited right; and
  • an indication of the value of the immovable property.

The return (read: letter) can be delivered to the Tax Authorities at the World Trade Center Curaçao, situated at Piscaderaweg or can be sent by e-mail to [email protected]

Should you have any questions regarding this amendment of the law, please feel free to contact us at [email protected] or by phone at +5999 4621200.