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Netherlands To Sign TIEAs

by Ulrika Lomas,, Brussels

07 July 2010

The Dutch government has united on plans to conclude tax information exchange agreements (TIEAs) with Uruguay, Mauritius and Brunei, in a further endeavour to combat tax evasion. The proposal, put forward recently by Dutch Finance Minister Jan Kees De Jager, was adopted by the cabinet.

On the basis of the bilateral TIEAs, the Netherlands will be able to request targeted information pertaining to savings, dividends and profit distributions from the relevant tax authorities in the other country. According to the Dutch Finance Ministry, up until now, similar agreements have been signed with over 30 countries. In the first half of the year, tax information exchange agreements were signed with Switzerland, Hong Kong, Belize, Saint Lucia, Gibraltar, the Marshall Islands and Liberia.

The government aims to sign the treaties with Uruguay, Mauritius and Brunei in the second half of 2010.

TAGS: tax | tax information exchange agreement (TIEA) | Brunei | Gibraltar | Liberia | Mauritius | Netherlands | Saint Lucia | Uruguay | tax avoidance | Belize | Marshall Islands | agreements | Hong Kong | Switzerland | dividends

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