The Curacao Private Foundation
Taxation
- No requirement for public or published financials
- Tax-exempt on profits, but still an annual profit tax assessment is required.
- Curaçao residents may face income tax at a flat rate of 19.5% on right to periodic distributions from a private foundation
- Gifts from a private foundation are tax exampted
- Gifts to a private foundation by Curacao residents are subject to gift tax at a flat rate of 25%
- Residents of the Netherlands contributing assets to a private foundation may trigger income tax in the Netherlands if the foundation is deemed a so called Separated Private Assets (APV) for dutch income tax purposes.