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Cft Lacks Key Info on Curaçao Tax Authority Restructuring PlansPhoto: Extra Curaçao
PoliticsCuraçao

Cft Lacks Key Info on Curaçao Tax Authority Restructuring Plans

Source: Extra Curaçao·1 hour ago·Curaçao·1 min read

The College of Financial Supervision (Cft) has flagged a significant information gap in its advisory review of Curaçao's draft 2027 budget, specifically regarding the reorganization and modernization of the island's Tax Authority (Servisio di Impuesto). The Cft noted it does not have access to details about the restructuring trajectory currently underway at the Tax Authority. Additionally, the supervisory body reported a lack of information on the progress of the improvement plan being executed at the agency. The absence of this data makes it difficult for Cft to properly assess whether the Tax Authority is on track with its reform commitments. This raises concerns about fiscal transparency and accountability as Curaçao prepares its 2027 budget. The Cft's advisory role is critical to ensuring Curaçao meets the financial governance standards required under the Kingdom of the Netherlands framework.

Key Facts
  • The Cft flagged missing information on the Tax Authority's reorganization and modernization in its review of the draft 2027 budget.
  • The supervisory body also reported lacking updates on the progress of the Tax Authority's improvement plan.
  • The information gaps could hinder Cft's ability to evaluate Curaçao's fiscal reform progress ahead of budget approval.
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