Aruba had previously been placed on a list classified as the "grey list" because Aruba had not signed the required amount of Tax Information Exchange Agreements (TIEAs) with a threshold of 12 countries. During a meeting in Paris in September, a tax treaty was signed with several other countries, among them Norway, Sweden, Finland and Denmark, thus complying with OECD’s fiscal standards.

Aruba is very pleased with this progress. The recent actions underscore Aruba’s long-time commitment to high standards in the area of international tax compliance and transparency.

For the development of tourism, this also means a positive development. “We are extremely pleased with this excellent news. These new tax incentives will tremendously benefit the group and meetings/incentives markets, enhancing Aruba’s reputation as a destination that offers much more than just pristine beaches and year-round perfect weather,” states Mrs. Myrna Jansen-Feliciano, Managing Director of Aruba Tourism Authority.

Scandinavian ATA director Titti Lagerfeldt-Gelhaar adds: “We are very happy for Aruba. This decision, together with the fact that we now have a daily flight connection from Scandinavia, will no doubt open new possibillities for this market segment.”