Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Curacao To Begin Tax Treaty Talks With Trinidad And Tobago
by Amanda Banks, Tax-News.com, London

24 May 2006

The governments of Curacao and Trinidad and Tobago have reportedly agreed to commence preliminary talks with the aim of launching negotiations towards a double taxation avoidance agreement.

According to Caribbean Net News, Curacao's State Secretary of Finance, Alex Rosaria, met with Conrad Enill, Minister of Finance of Trinidad and Tobago, in Port of Spain last week, where it was agreed that the government of the Netherland Antilles will send officials in Trinidad all the relevant information needed for technical teams to begin discussions.

Secretary Rosaria expressed satisfaction with the outcome of his visit, stating that: "I believe that the best way to face the challenges before us is to work together with our neighbours in the Caribbean Region with which we not only share a common history, but also the same characteristics of small economies."

The Netherlands Antilles have tended to move away from double tax treaty arrangements during recent years. At one time the country had treaties with a number of prominent countries, including the US and the UK.

However, most of these treaties have lapsed, and the only remaining double tax treaty as such is with Norway. There is also the 'BRK' (Belastingregeling voor het Koninkrijk) tax agreement with the Netherlands.

.

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.