Friday, 3 February, 2012

New taxation arrangements between Curacao & The Netherlands.

The Dutch Finance ministry has issued details of new tax arrangements for the Kingdom of The Netherlands which come into effect on 1st January 2013. The most significant changes affect organisations operating in an international environment and concern new provisions on withholding taxes on dividend distributions.

Other developments cover the "Substantial Interest" provision, which allows for the taxation of a foreign structure with a substantial interest in a Dutch entity. This is mainly of importance for the treatment of capital gains received by a Curaçao vehicle which sells 5% or more of an interest in a Dutch entity.

Finally, changes have also been announced to the tax treatment of inheritances and donations, new exchange of information clauses will be introduced and the taxation of non-government pensions is being amended.

For further information click here or contact Gerard Jan van Spall on +599 9 736 6044