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Online Gambling Lawyer
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Volume: 17 Issue: 7
(July 2018)

Keywords:
oecds impact curaçao gaming regime storm coming government curaçao island situated within southern caribbean sea referred ‘dutch

Jurisdictions:
Netherlands Europe Spain

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The OECD’s impact on the Curaçao gaming regime: A storm is coming

The Government of Curaçao, an island situated within the southern Caribbean Sea, also referred to as the ‘Dutch Caribbean,’ just off the north coast of Venezuela, has moved to implement Base Erosion and Profit Shifting (‘BEPS’) principles defined by the Organization for Economic Cooperation and Development (‘OECD’) coupled with transparency provisions coming out of Europe’s Fourth Anti-Money Laundering Directive. Although arrival of such changes was imminent and marks a healthy step forward, local service providers that cater to the Curaçao offshore gaming industry, highly favoured by gaming operators worldwide, might have a hard time adapting to the regulatory winds of change. In this article, tax experts Bas Jongmans of Gaming Legal Group, Peter Muller of Muller & Associates, and Frederik van Eijk of GLG Compliance, discuss the changes taking place, the options available and the likely eventualities.

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