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Jersey And The Netherlands Sign Tax Agreements

by Jason Gorringe, Tax-News.com, London

26 June 2007


Dutch State Secretary for Finance, Jan Kees de Jager last Wednesday signed agreements with the Chief Minister of Jersey, Senator Frank Walker, regarding the exchange of information relating to tax matters.

The Netherlands and Jersey additionally affirmed their wish to deepen economic and trade ties with the signing of two agreements and a Memorandum of Understanding.

According to the Jersey government:

"State Secretary Jan Kees de Jager welcomed Jersey as a member of the community of nations committed to international cooperation and information exchange on tax matters and recognised Jersey's commitment towards the work of the OECD's Global Forum on Taxation to combat harmful tax competition and to achieve a global level playing field in the areas of transparency and effective exchange of information for tax purposes."

The information exchange agreement between the Netherlands and Jersey is based on the OECD’s Model Agreement on the Exchange of Information on Tax Matters.

Further to their agreement, the Netherlands and Jersey will exchange bank and other information on request relating to both criminal and civil tax matters. For criminal tax matters, information exchange can apply whether the investigation relates to conduct before or after the coming into force of the agreement. For civil tax matters, such exchange can apply only in respect of taxable periods beginning on or after the date of entry into force

As well as the information exchange agreement, the Netherlands and Jersey signed an agreement on access to mutual agreement procedures relating to transfer pricing and the application of the Dutch participation exemption.

Finally the Netherlands and Jersey agreed to continue negotiations on further measures needed to alleviate undesired tax barriers and other obstacles of a discriminatory nature that may be included in the domestic tax legislation of the parties, with the intention in due course of integrating partial results achieved into a double taxation agreement.

Senator Walker welcomed the signing of the agreements and the Memorandum of Understanding, announcing that:

“This commitment to strengthen the economic and trading relationship between the Netherlands and Jersey will be to our mutual benefit and we look forward to negotiations being continued.”


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