A Glitch with Repercussions

Last week, I got an email note from an accounting firm, bearing a warning: In the past weeks, it said, Aruba commercial banks implemented a new instant payment rail known as I-Pago. The main purpose of the I-Pago is that payments can be made fast by reducing time of transactions. Unfortunately, despite the positive intentions, while implementing the I-Pago not all payments were processed accordingly as set by the clients. In some instances payments for example reach accounts without a payment description. This may result in delays for processing payments or even payments not being processed due to missing information.

Then they explained further: The aforementioned could also apply for payments to the Aruba Tax Authority, the Departamento di Impuesto. Payments of taxes and levies that reach the bank account(s) of the Departamento di Impuesto without a payment description will not be processed. It is also possible that payments did not (completely) reach the bank account(s) of the Departamento di Impuesto. This could result in additional tax assessment(s) including penalties being imposed by the Departamento di Impuesto for late or incomplete payments. The process to get an additional tax assessment(s) and penalties reduced is time consuming since a letter of objection is necessary, which in most cases will result in additional costs. In other cases further appeal may be necessary if the decision on the letter of objection is negative and will not result in reduction of the additional tax assessment(s) and or penalties.

Lordie, Lordie, as if we did not have enough issues with frivolous assessments.

Last week I got a 5-digit assessment, attempting to collect corporate gains from ONE YEAR BEFORE the company was incorporated.

How is that possible?

I called some friendly bankers and they confirmed, yes, we have a glitch.

Then another note from that same accounting firm paddled backwards: Dear client, it said, we have discussed the status with the respective authorities. After consultation we have been assured that all payments are being processed correctly at the Departamento di Impuesto.

We still advise you to make sure that you include full payment details and payment reference for completeness of payments, the note concluded.

As if we would ever send Impuesto money without specifying exactly what we’re paying for. Never.

 

 

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February 10, 2020
Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster
Bati Bleki by Rona Coster