SmartNews Stimulus Plan for Aruba Emergency measures to mitigate the effects of Covid-19
30 March 2020
On March 27, 2020, the Government of Aruba announced a stimulus package that should help entrepreneurs weather the economic impact of the Covid-19 virus outbreak and subsequent lockdown of Aruba and the “shelter in place” period. Below is a summary of the stimulus package including the additional explanation published by the Tax Authorities.
We note that the explanation published on March 28, 2020 by the Tax Authorities includes more stipulations and conditions than explained by the Minister of Finance, Economic Affairs and Culture in the press conference & accompanying slides of March 27, 2020.