Regulatory Alerts2010-09-20 | cba-blob-10393Guidelines for the declaration and payment of foreign exchange commission for notary offices
The Central Bank of Aruba issues guidelines requiring designated notary offices to directly remit foreign exchange commissions collected from residents on international payments to the Bank. Notaries must calculate the 1.3% commission based on the transaction value in Aruban florins and submit the declaration form within 15 days of the deed's passage, with payments made via commercial bank transfer or check. The collected data is also utilized for compiling Aruba's balance of payments.
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