WILLEMSTAD - The Curaçao Ministry of Finance has announced a further extension of its Temporary Voluntary Disclosure Regime for individuals earning rental income. The program allows taxpayers to regularize undeclared rental income by voluntarily reporting it to the tax authorities under reduced penalties.

The extension, confirmed by the Ministry this week, aims to encourage compliance ahead of planned tax modernization reforms. The regime, originally introduced to increase transparency and improve revenue collection, gives property owners another opportunity to disclose income from local or foreign real estate before stricter enforcement begins in 2026.

Officials said the measure is part of Curaçao’s broader fiscal reform agenda, developed under the Landenpakket agreement with the Netherlands. The initiative is also intended to prepare the island for the upcoming introduction of the value-added tax (VAT) system and the new Caribbean Guilder (XCG) currency.

Tax experts describe the renewed disclosure window as a “final opportunity” for non-compliant taxpayers to avoid potential penalties once the government strengthens digital monitoring and information-sharing with foreign jurisdictions next year.

According to the Ministry of Finance, full details of the revised disclosure period and eligibility criteria will be published on the official government website in the coming days.