Netherlands Antilles — June 13, 2013 at 12:27 am

Bonaire Netherlands Antilles 49.4%

What are the Bonaire Netherlands Antilles Tax rates?

Based on the information provided in the search results, the key tax rates in Bonaire, Netherlands Antilles are:

Property Tax:
The property tax rate is 0.8% on the value of the property. The first US$70,000 of the value of second homes is exempt from this tax.

Ground Tax:
The ground tax rate is 0.345% of the value of the property.

Income Tax and Wage Tax:
There is no profit tax in Bonaire. Income from employment, business, interest, dividends, and pensions are subject to income tax.

The income tax and wage tax rates vary based on the type and amount of income.

Expenditure Tax (ABB):
The general tax rate of the Expenditure Tax on the supply of goods is 8%.

The tax rate of the Expenditure Tax for the rendering of services is 6%.

There are some exemptions and special rates for certain goods and services.

Tourist Tax:
The tourist tax rate is US$6 per person per night for visitors aged 12 and above, with some exceptions.

In summary, Bonaire has property/ground taxes, income/wage taxes, an 8% goods tax, 6% services tax, and a tourist tax, but no profit tax.

What is the income tax rate for individuals in bonaire?

The income tax rate for individuals in Bonaire varies based on the type and amount of income. For income from employment, business, interest, dividends, and pensions, the tax rate ranges from 0% to 30.4% depending on the specific circumstances. Here are some key points regarding income tax rates in Bonaire:

The tax rate on deemed income from real estate is a fixed rate of 17.5% on a deemed income of 4%, with a lower rate of 10% applying to certain types of real estate like hotels not owned by private individuals

Income from employment or business, interest, dividends, and pensions are taxable with income tax in Bonaire. The tax rates vary depending on the type of income and personal situation

The Double Tax Decree (DTD) in Bonaire aims to lower or eliminate income tax on certain types of income earned by residents if the income is already taxed in another country

There is no profit tax in Bonaire, but income generated by entities is not taxed since there is no profit tax in the region

In summary, the income tax rate for individuals in Bonaire can range from 0% to 30.4%, depending on the specific type of income and individual circumstances

Are there any tax treaties between bonaire and other caribbean islands?

Based on the information provided in the sources, there are tax treaties between Bonaire and other Caribbean islands. The tax treaties of the Netherlands, which include the BES islands (Bonaire, Sint Eustatius, and Saba), apply to the tax treaties of the BES islands. These treaties are modeled after the OECD Model Tax Convention. Additionally, specific tax treaties are mentioned, such as the Tax Treaty between The Netherlands and China, where the BES islands are explicitly included in the treaty

Therefore, there are indeed tax treaties involving Bonaire and other Caribbean islands as part of the broader agreements with the Netherlands.

What is the tax rate for corporations in bonaire?

According to the information provided in the search results, there is no corporate income tax or profit tax in Bonaire. The key points are:

No Profit Tax in Bonaire:

• The search results state clearly that “there is no profit tax in Bonaire” and “income generated by entities is not taxed since there is no profit tax in the region”.

Taxation of Business Income:

• Instead of a corporate income tax, income from business activities by individuals (sole proprietorships) is subject to personal income tax in Bonaire.

• However, the search results do not mention any specific tax rates for business income earned by individuals in Bonaire.

Other Relevant Taxes:

• Bonaire does have other taxes that apply to businesses, such as:

• Real estate tax on the deemed income from property

• Expenditure tax (8% on goods, 6% on services)

• Tourist tax on visitors

In summary, based on the information provided, there is no corporate income tax or profit tax levied on corporations in Bonaire. Business income is instead taxed as part of the personal income tax system for sole proprietors.

Bonaire Netherlands Antilles personal Income Tax

Individual income tax rates in the Netherlands Antilles are progressive up to 38%. A surtax of 25% or 30% also applies.

Taxable income (ANG)      Tax on lowest amount (ANG)      Tax Rate on excess
up to 25,514                     –                                             10%
25,514 to 38,271              2,551.40                                  16%
38,271 to 53,154              4,592.50                                  21%
53,154 to 79,730              7,717.90                                  27%
79,730 to 112,685            14,893.40                                32%
Over 112,685                   25,439.00                                38%

The tax is increased by an island surcharge which for Curaçao is 30% and for all other islands 25%. The social security contribution rate is 9.35%.

Certain types of income may benefit from special rates of 5% (savings income) or 15% (substantial interest income).

Employment income is subject to wage tax and social security contributions (levied by withholding). Several deductions and allowances may be available.