Submit the Aruba 'BBO' declaration
You can produce the turnover tax declaration for enterprises in Aruba using Profit. This section is a supplement to the general description of the VAT/ICP declaration and only describes issues that are relevant for organisations that submit this declaration in Aruba.
In Profit, the term VAT is used (instead of 'BBO'). In Profit or in Profit Help, the term VAT should be interpreted as 'BBO'.
Note:
This functionality is only available if the administration has Aruba as Legislative country and the Dutch Antilles functionality is activated.
Description
For companies located in Aruba, there is a mandatory requirement to submit a monthly declaration of turnover tax. In Aruba the turnover tax is called 'BBO': Tax on company turnover. The 'BBO' declaration contains three sections:
- Exempted turnover. All realised turnover that is exempt from turnover tax. More information about exempted deliveries can be found on the website of the tax authority in Aruba: www.siad.aw.
- Taxed turnover. All realised turnover, with the exception of the exempted turnover.
- Total tax due on company turnover. The total tax due is the taxed turnover * 2.5%.
Health Tax ('BAZV - Bestemmingsheffing AZV')
The tax on company turnover in Aruba is made up of 1.5% 'BBO' and, since January 2015, also 1% Health tax. This means that the invoicing of one article results in more than one VAT line on the invoice. Thus one calculation basis with multiple VAT codes.
Deliveries and services which are exempt for 'BBO' are also exempt for the Health tax. Thus a doctor performs exempted services for both the 'BBO' and for the Health tax ('BAZV').
With the creation and generation of sales orders and sales invoices, Profit generates VAT lines for 'BBO' and for the Health tax ('BAZV'). With the invoicing in Profit, the 'BBO' and Health tax ('BAZV') owed are specified on the invoice.
Thus, in the invoicing, one invoice line results in two (or more) VAT total lines. You can configure this by linking one or more VAT codes to the VAT code. These linked VAT codes are automatically included in the invoicing.
Example invoice with multiple VAT total lines
VAT code 1 - Tax op company turnover ('BBO') 1.5%
Linked VAT code 2 - Health tax 1%
Linked VAT code 3 - Environmental tax 1%
With the creation/entry of a sales invoice of 1000 with VAT code 1, the following journal entry with three VAT lines is created:
Account |
Description |
VAT code |
Debit |
Credit |
10001 |
Debiteur Ubbens B.V. |
|
1035.00 |
|
|
To Turnover |
1 |
|
1000.00 |
|
To Tax on company turnover ('BBO') |
1 |
|
15.00 |
|
To Health tax |
2 |
|
10.00 |
|
To Environmental tax |
3 |
|
10.00 |
With the entry of the invoice, you can use the Total line VAT button to see which VAT code(s) Profit retrieves.
