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Netherlands Antilles To Conclude Sixteen TIEAs By September

by Amanda Banks, Tax-News.com, London

16 June 2009


Netherlands Antilles' State Secretary of Finance, Alex Rosaria (pictured), has announced that by September 2009 the jurisdiction will have concluded nine new tax agreements bringing its total of such agreements to sixteen. Of these agreements, a total of fourteen will have been concluded with OECD countries.

Scheduled to be signed are tax information exchange agreements with Canada, Mexico, Denmark, Finland, Greenland, the Faroe Islands, Sweden, and Iceland. Protocols updating existing conventions for the avoidance of double taxation and fiscal evasion with respect to income taxes will also be concluded with Jamaica and Norway. Treaties with France, Italy and Germany are expected to be signed before the end of the year.

The Netherlands Antilles State Secretary of Finance Alex Rosaria in a statement said that by September the Netherlands Antilles will have surpassed the twelve tax information exchange agreement 'quota' as laid down by the G20 in April, transferring the jurisdiction to the OECD’s white list of fully-compliant territories from the ‘grey list’ in which it is currently situated. Rosaria underlined the territory's commitment to working on transparency and implementing internationally agreed standards to counter tax fraud, money laundering and financing of terrorism.

TAGS: Curaçao

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