Our services
Our progressive thinkers offer services to create, protect and transform value for your business, so you can have the opportunity to thrive tomorrow.
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Business Consulting
Our team ensures rapid response times, a low partner-to-staff ratio and is committed to delivering consistently high quality. Our business consulting services include naming a few: Governance, Risk, and Compliance, Business Transformation, Data Analytics, Human Capital, Operations Improvement, Program Management, Strategy & Innovation, Technology-enabled services, etc.
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Business Risk Services
We deliver practical, pragmatic, and tailored solutions that support you in growing and protecting the value of your businesses. Our business risk services include naming a few: Enterprise Risk Management, Internal Audit, Operational Audit, Compliance Framework Solutions, Regulatory Compliance, Finance Risk and Modeling, Special Attestation Services, and Technology Risk Services. Are you looking into certifying your organization for best-practice management systems? We also offer gap assessments, implementation plans and managed services for ISO9001, ISO27001/2, ISO22301, and ISO37000, amongst many others.
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IT, Cyber, Information Security & Privacy Services
Our highly skilled and experienced professionals are prepared to help you navigate the complex and dynamic digital environment you operate in. Our Cyber & Information Security solutions include amongst others: IT Audit and IT Strategy, Cyber Security Audit and Assessments, Cyber Strategy Solutions, Vulnerability Assessment and Penetration Testing, and Information Security & Privacy Frameworks (best practice) solutions.
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Corporate Finance
For the past years, our highly experienced consultants have been dedicated to delivering a comprehensive array of services including transactions, valuations, deal advisory, and restructuring.
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Managed Services
With the launch of our brand-new operations center in Suriname, we offer managed services for (e.g.) risk and quality, regulatory compliance, cyber security, information security, privacy, business processes, financial Management and many more.
Leveraging innovative technologies and highly trained professionals to deliver a best-in-class audit experience
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Financial Statement Audits
Our team of experienced auditors guarantee that the information presented in your financial statements is accurate and in accordance with prevailing accounting standards and company laws.
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Financial Statement Reviews
Accuracy, compliance, and reliability. Our experienced auditors conduct a thorough examination, identifying errors and providing valuable recommendations to enhance reporting practices and internal controls.
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Internal Audit Services
We analyze and pinpoint opportunities for enhancement, manage potential risks, and optimize operational efficiency, ensuring that you can confidently reach your business goals.
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Data Assurance
Rely on our proficient team to conduct thorough evaluations, detect weaknesses, and establish resilient safeguards against data breaches, unauthorized access, and data manipulation. Our data assurance solutions are designed to protect your valuable information, ensuring its integrity, and fostering trust in your information systems.
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Regulatory Compliance Services
Our Regulatory Compliance Services help you navigate complex regulatory landscapes and ensure adherence to applicable laws and regulations.
Providing tailored payroll and outsourced solutions to our clients on a daily basis.
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Compilation and preparation of financial statements
Our expert team delivers comprehensive reports that provide valuable insights for informed decision-making and regulatory compliance.
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Bookkeeping and financial accounting
From managing financial records to preparing accurate reports, we ensure compliance, transparency, and sound financial management.
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Payroll compliance and administration
At Grant Thornton, we meet the challenges of our clients. Our offering is tailored to meet all your payroll requirements through a single point of contact. Our outsourced payroll team becomes your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
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Business services and outsourcing
Our reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
We offer practical tax solutions that go beyond your expectations
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Tax Advice and Wealth Planning for high-net worth individuals
Our team of experienced tax advisors blend commercial experience and knowledge with tax expertise to advise on the full range of transactions including sales, mergers, restructurings, and wealth planning.
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Tax Compliance
We prepare tax returns, for example for profit tax returns, personal income tax, wage tax and turnover tax/ sales tax. Our expert team handles all aspects of tax preparation and filing while keeping you informed of deadlines and minimizing the risk of penalties.
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(International) tax planning and incorporation services
Experience the perfect combination of tax planning and incorporation services in one comprehensive package. Our team of experts strategically minimize your tax liabilities while ensuring compliance with regulations. Additionally, we provide guidance and support throughout the entire incorporation process, offering valuable insights on legal structures, registration, and tax implications.
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Advice on estate and retirement planning
Secure your financial future with our dedicated estate and retirement tax planning service. Our experienced team specializes in developing tailored strategies to minimize tax liabilities, protect your assets, and optimize retirement income. Count on us to navigate intricate tax laws, ensuring peace of mind and financial security for your future.
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Advice on investing on the islands
Embark on a journey towards financial growth with our comprehensive investment advice service. Our advisors know and remain up-to-date wit the market trends on the islands in the Dutch Caribbean region. Evaluate your risk tolerance and craft personalized investment strategies tailored to your goals.
Newsflash
Aruba: Personal income tax 2018
03 Jul 2019Dear client, Dear relation,
In this newsflash we will discuss the following topics:
- Filing deadlines and extensions.
- Information required for the filing of the 2018 personal income tax return.
- Can the Tax Authorities deviate from your return?
- Consequences of late filing or no filing of the 2018 personal income tax return.
- Filing deadlines and extensions.
The Tax Authorities are currently issuing the 2018 personal income tax returns. The returns are dated July 1, 2019. In principle, the returns should be filed within 2 months, ultimately September 2, 2019. However, the Tax Authorities have granted an extension for the filing of the returns until December 2, 2019.
- Information required for the filing of the 2018 personal income tax return.
Please find below a non-exhaustive list of the types of taxable income and deductions applicable for the filing of the 2018 personal income tax return.
Taxable income
- Income of current and/or past employment within and/or outside Aruba.
- Revenue from personal business or labour.
- Revenue from immovable properties within and/or outside Aruba.
- Investment income.
- Recurring benefits (for example social security, alimony etc.).
Deductions
- Mortgage interest and other related costs (for example notary costs and premiums risk insurance) (max Afl. 50,000 deductible).
- Maintenance costs for monuments (max Afl. 5,000 deductible).
- Interests on loans and interests on credit cards (max Afl. 5,000 deductible per person).
- Interests and repayments on study loans (max Afl. 10,000 deductible).
- Alimony paid to ex-spouse.
- Premiums paid for pension insurance (max Afl. 10,000 deductible).
- Donations to religious, charitable, cultural, sporting, scientific and general welfare in Aruba (max Afl. 50,000 deductible).
- Costs of living for close families.
- Costs related to sickness, invalidity and death.
- Costs of trainings and study for a profession.
- Child deduction.
We advise you to start gathering the necessary documents with regards to your income and deductions for the tax year 2018 as soon as possible.
- Can the Tax Authorities deviate from your return?
The Tax Authorities have the possibility to deviate from your filed 2018 personal income tax return. Deviations may be a result of differences in interpretation, developments in case law and/or changed points of view.
If the Tax Authorities deviate from your 2018 personal income tax return, or afterwards discover facts that result in a higher income, the Tax Authorities can impose an (additional) assessment including a penalty. The penalty can amount to 50% of the (additional) tax due in case of gross negligence or intent and 100% in case of more serious offenses or repetition thereof.
- Consequences of late filing or no filing of the 2018 personal income tax return.
If the 2018 personal income tax return is not filed or not filed on time, the Tax Authorities can impose an (additional) assessment including a penalty. The penalty can amount to 5% of the (additional) tax due with a minimum of Afl. 250 and a maximum of Afl. 10,000.
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