Economic difficulties in Curaçao — the largest Dutch-speaking island in the recently dissolved Netherlands Antilles confederation — as well as political uncertainty in nearby Venezuela, are affecting retailers ahead of a planned hike in the country’s sales tax on luxury products such as perfumes, jewelery and electronics from 6 percent to 9 percent.
Evertec Group, LLC has received a 15-year tax grant from the Puerto Rico government under the Tax Incentive Act 73 of 2008, in exchange for several long-term commitments including a $200 million investment during the life of the benefit, company officials said.