Curacao Tax Tables 2024 - Tax Rates and Thresholds in Curacao
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This page contains the tax table information used for the calculation of tax and payroll deductions in Curacao in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ CW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Curacao or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Curacao Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Curacao are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Curacao Tax Calculator 2024.
Curacao Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 9.75% | Income from ANG 0.000.00 | to | ANG 34,889.00 |
| 15% | Income from ANG 34,889.01 | to | ANG 46,519.00 |
| 23% | Income from ANG 46,519.01 | to | ANG 669,779.00 |
| 30% | Income from ANG 669,779.01 | to | ANG 98,853.00 |
| 37.5% | Income from ANG 98,853.01 | to | ANG 145,372.00 |
| 46.5% | Income from ANG 145,372.01 | | and above |
Curacao Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 9.75% | Income from ANG 0.000.00 | to | ANG 34,889.00 |
| 15% | Income from ANG 34,889.01 | to | ANG 46,519.00 |
| 23% | Income from ANG 46,519.01 | to | ANG 669,779.00 |
| 30% | Income from ANG 669,779.01 | to | ANG 98,853.00 |
| 37.5% | Income from ANG 98,853.01 | to | ANG 145,372.00 |
| 46.5% | Income from ANG 145,372.01 | | and above |
In Curaçao, social security deductions made by employees are generally deductible when calculating taxable income. This means that contributions towards social security programs, such as pension and health insurance, are subtracted from an individual's gross income for the purpose of determining their taxable income. As a result, these deductions can lower the taxable income of employees, thereby reducing their overall income tax liability. This system aligns with the broader fiscal policy in Curaçao, aiming to provide some relief to taxpayers by recognizing their contributions towards social security in the income tax calculation.
Curacao Social Security and Payroll Deduction Rates in 2024
In Curaçao, the social security system involves contributions from both employees and employers, aimed at funding various social welfare programs. These contributions are mandatory and cover a range of benefits designed to support workers and their families.
Curacao Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Old age (AOV) and surviving dependents (AWW) insurance | 6.5% | 9.5% | 16% |
| Basic health care insurance (BVZ) | 4.3% | 9.3% | 13.6% |
| General insurance for exceptional medical expenses (AVBZ) | 1.5% | 0.5% | 2% |
| Average Accident insurance (OV) | 0% | 2.5% | 2.5% |
| Insurance for loss of income due to illness (ZV) | 0% | 1.9% | 1.9% |
Curacao Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Old age (AOV) and surviving dependents (AWW) insurance | n/a | n/a | n/a | n/a |
| Basic health care insurance (BVZ) | n/a | n/a | n/a | n/a |
| General insurance for exceptional medical expenses (AVBZ) | n/a | n/a | n/a | n/a |
| Average Accident insurance (OV) | n/a | n/a | n/a | n/a |
| Insurance for loss of income due to illness (ZV) | n/a | n/a | n/a | n/a |
Pension Fund Contributions
One of the key elements of social security in Curaçao is the pension fund. Contributions to this fund are used to provide retirement benefits to employees, ensuring financial support for them in their post-working years. This pension system helps in securing a stable income for retirees.
Health Insurance Contributions
Health insurance contributions are another significant part of the social security system. These funds are allocated to provide healthcare coverage for employees and their dependents, ensuring access to medical services and healthcare facilities.
Accident Insurance
Accident insurance, funded through social security contributions, provides coverage for employees in case of work-related accidents or illnesses. This includes medical care and compensation for work-related injuries.
Unemployment Insurance
Unemployment insurance contributions support employees who become unemployed. This system provides financial assistance during periods of joblessness, aiding workers as they seek new employment opportunities.
The social security and payroll deduction system in Curaçao plays a crucial role in the country’s social welfare structure, providing essential support and protection to the workforce and their families.
Curacao VAT Rates in 2024
VAT rates for Curacao are reviewed annually, you can use the VAT Calculator to calculate VAT due in Curacao or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Curacao VAT Rates| VAT Rate | VAT Description |
|---|
| 5% | Standard Turnover Rate |
Historic Tax Tables supported for Curacao
The following tax tables are supported by iCalculator™ CW as part of the suite of free tax tools we provide for Curacao.