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Netherlands, Curacao to avoid double taxation from 2016

Netherlands, Curacao to avoid double taxation from 2016

AMSTERDAM: The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016.

In anticipation of the new tax regulation, the Netherlands is extending measures provided to Curacao in previous years, concerning the Dutch corporate income tax rules on the taxation of dividends and profits realized from the transfer of shares. This mainly concerns Curaçao passive holding companies holding an interest of 5% or more in a Dutch subsidiary.

The Dutch government bill concerning this regulation is pending consideration by the Lower House. Once approved, the bill will move to the Upper House for its consideration.

Read a December 2014 report prepared by the KPMG member firm in the Netherlands: New tax regulation between the Netherlands and Curacao will not apply before 2016; commitment to not apply the anti-abuse rules extended

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