SVB Daily Wage (Curacao)

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SVB Daily Wage (Curacao)
« on: September 06, 2018, 06:35:49 AM »

The SVB on Curacao uses a complex system whereby the insurance for loss of wages and the payment of the premium are not on the same basis. As a result, there is a chance that the SVB will impose an additional tax.


The employee is insured against loss of wages on the basis of the SVB daily wage. The SVB considers as pay any benefit that an employee receives as compensation for his work. This includes future and variable fees such as commissions, commissions and tips, wages in kind, risk supplements, holiday pay, bonuses, bonuses, etc ..

The insurance is therefore based on an estimate of the average expected daily wage.

The monthly premium declaration, on the other hand, must be based on the actual wages received.

As long as the estimated SVB daily wage  and the actual wages received do not deviate too much, no action will follow. If there are major deviations, the SVB will investigate. In particular, if the estimate (on which the loss of income is insured) is higher than the actual wage (on which premium is paid), an additional assessment can follow.


With the report "SVB Mutations" you register the employees and report any changes in the SVB daily wage to the SVB. By default, this report automatically calculated an estimate of the daily wage on the basis of the "Fixed wage components", or if the employee does not have a fixed salary, the "Hourly wage" is multiplied by the number of work hours per day.

No (future) variable wage changes are taken into account, as a result of which the insured wage loss may be a bit too low. For hourly employees, it is important again that the estimated number of working hours corresponds to actual hours worked, so that the insured loss of income does not exceed the actual wage paid.

Use the report "Year declarations" > "SZB daily wage check" to see the difference between the SZB daily wage and the actual wage.

If you wish, you can make your own estimate of the SVB daily wage and enter it on the employee's "Wages" tab. The program will then always use the manual estimated SVB daily wage for the report.
« Last Edit: December 04, 2018, 11:53:44 AM by Support »