Sales Tax, pricing, invoices and sales receipts

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Sales Tax,
pricing, invoices and
sales receipts
This newsflash applies to
Curaçao. In this newsflash the
following topics will be
discussed:
• Pricing
• Sales receipts
• Invoices
• Cash register
• Summary
Sales tax, invoices and sales receipts
There are specific requirements with regard to the listing of consumer prices in
general and the manner in which sales tax is shown on cash register receipts and
invoices.
In this newsflash we discuss these rules and in which case an exemption applies.
Prices include sales tax
Goods and services must be priced including sales
tax. It is not allowed to offer goods and services at
a price which does not include sales tax. The socalled consumer price that is affixed to the product
or to the shelf where the product is for sale should
include the sales tax. This will prevent the cash
price of the products to be increased by the
amount of the sales tax. The price on the product is
the total price for the consumer.
The same applies to services. In advertisements,
but also on menus in restaurants and other
documents in which prices of services will be listed
the price must now include the sales tax.
Exception pricing including sales tax
Entrepreneurs who supply more than 70% of their
goods and services to other entrepreneurs may
continue until further notice to list their goods and
services at prices exclusive of sales tax.
Sales receipt required
The following entrepreneurs are required to use a
cash registry system that complies with standards
set by the tax department.
-
Restaurants and bars;
-
Retail stores;
-
Repair of personal and households goods;
-
Personal services.
Exemptions
The following exemptions apply.
-
Entrepreneurs who usually send out invoices,
can on request to the Director of the Tax
Accountants Bureau, in dutch the BAB, be
exempted from the sales receipts requirements;
-
Street vendors are exempted if they record their
sales in a register form issued by the BAB;
-
In case of public passenger transport, parking
of vehicles, access to cultural, sports or
recreational activities, rental of beach chairs
and sale of lottery tickets, no invoice or cash
registry receipt is required in case the
entrepreneur issues a consecutively numbered
proof of payment;
-
Vending machines, provided that the sales
should be recorded by the vending machine and
the entrepreneur must record the sales in their
administration.
Sales receipt requirements
In connection with the cash registry system it is
required to print the unique cash receipt number
assigned by the tax inspector, a cash registry
identification number and a fiscal logo.
Pricing including sales tax
Pricing must include sales tax, and that also
applies to cash receipts, both when using a cash
registry system as prescribed as when no use is
made of a cash registry system.
The prices on the receipt must be listed including
sales tax and of each product it is necessary to
indicate which sales tax rate applies. Goods that
are exempt from sales tax will therefore receive no
mention, and for goods (or services) that are
subject to tax the applicable rate, 6% or 9%, must
be shown. At the bottom of the receipt, the total
amount of sales tax must also be shown. An
illustrative example:
Product A
Product B
Product C
Total
NAf 2,00
NAf 4,24
NAf 3,27
NAf 9,51
T1/6%
T2/9%
NAf 0,24
NAf 0,27
T1/6%
T2/9%
Exemption listing sales tax on cash receipt
Stores in the downtown area that sell more than
50% of their goods to tourists do not need to list
the sales tax on their cash receipts. The
entrepreneur must file a statement with the tax
inspector that he sells his goods largely to tourists.
This exemption applies only with regard to the sale
of goods. Businesses that provide services, such as
restaurants and bars, must always mention sales
tax on the cash receipt or invoice.
Invoices
The requirements with regard to the consumer
price including sales tax, the applicable rate per
item and the total amount of sales tax in the price
also applies to invoices.
Summary
Pricing in general
Pricing on cash receipts
Entrepreneurs must list their prices including sales
tax.
Entrepreneurs must list the prices on cash receipts
including sales tax. It is required to list the
applicable tax rate for each good or service. At the
bottom of the cash receipt the total amount of sales
tax due must be shown.
Exemption:
• Entrepreneurs who sell their goods and services
for more than 70% to other entrepreneurs may,
for the time being, still list their prices
excluding sales tax.
Exemption:
• Entrepreneurs in the downtown area who sell
more than 50% of their goods to tourists do not
have to show the sales tax on their cash
receipts.
How can PwC be of service?
If you want to know more or if you have questions or remarks with respect to the content of this news
flash, you can contact:
Steve Vanenburg (Tax partner)
T: +599 (9) 430 0000
[email protected]
Zuleika Lasten (Tax partner)
T: +599 (9) 430 0024
[email protected]
Lennart Huijsen
T: +599 (9) 430 0006
[email protected]
Rene Kempkes
T: +599 (9) 430 0010
[email protected]
Farine Torres Larmonie
T: +599 (9) 430 0004
[email protected]
Ingemara Bak
T: +599 (9) 430 0127
[email protected]
Arne Kattouw
T: +599 (9) 430 0455
[email protected]
Terrence Melendez
T: +599 (9) 430 0456
[email protected]
Or send an email to: [email protected]
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