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Recreation
Aruba is more than just picture perfect beaches, beautiful weather and an oasis of relaxation. It’s now one of the best places in the world to hold a business meeting, convention or other corporate function. Why? The U.S. Treasury Department announced that the United States and Aruba signed the Tax Information Exchange Agreement (TIEA) between the two countries. How would this be of interest to event and meeting planners? Because conducting meetings on Aruba will now be exactly like having meetings in the United States, in terms of tax benefits. That’s right; U.S. taxpayers can claim tax deductions for all expenses associated with meetings, seminars and conventions held in Aruba. As a result, Aruba now becomes the ninth significant offshore financial center to sign such an agreement with the United States.
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Serves as a pledge to maintain the confidence of honest taxpayers, and the fairness of the tax systems in the two countries’ dealings.
“Aruba is extremely optimistic about the Tax Information Exchange Agreement with the United States and the fact that for tax purposes, having a meeting in Aruba is now just as easy as one in United States,” said Minister of Tourism and Transportation Edison Briesen. “We hope that the TIEA and the availability of brand-new tax incentives for the group and meetings/incentives markets will make Aruba even more of a desirable destination.”
Why Else Should You Plan Your Next Business Function in Aruba?
If you’re a meeting or event planner, Aruba definitely needs to be highly considered. Where else can you enjoy all the diverse experiences of an island paradise and then receive tax benefits as well? If one thing is true, it’s that Aruba has a dizzying array of things to do: the action is nonstop both day and night.
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