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PAR Party Calls for Abolition of Inheritance Tax in CuraçaoPhoto: Nu.cw
PoliticsCuraçao

PAR Party Calls for Abolition of Inheritance Tax in Curaçao

Source: Nu.cw·55 minutes ago·Curaçao·1 min read

The political party PAR (Partido Alternatif Real) is pushing for the Curaçao government to abolish inheritance tax as soon as possible. The party argues that the tax generates less revenue than projected in the budget, making it a poor fiscal tool. Beyond the numbers, PAR contends that the inheritance tax complicates the transfer of assets — particularly family-owned properties and businesses — to heirs. The party believes eliminating the tax would ease financial burdens on families during an already difficult time of loss. PAR's call adds political pressure on the ruling government to revisit its tax policy agenda, framing the abolition as both an economic and social necessity for the island.

Key Facts
  • PAR is calling on the Curaçao government to abolish inheritance tax as quickly as possible.
  • The party argues the tax collects less revenue than budgeted, undermining its fiscal justification.
  • PAR says the tax hinders the smooth transfer of assets such as property and businesses to family heirs.
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