Netherlands Notes Tax Agreements' Entry Into Force


The Netherlands government has announced the ratification of a revised double tax agreement with the United Kingdom, approved by the Netherlands’ Senate in late December, bringing the agreement into effect from January 1, 2011 for Dutch taxpayers, and from April 1, 2011, for UK taxpayers.

The treaty replaces the existing agreement dating back to 1980. The double tax agreement lays a legal framework that will be beneficial for investors providing legal certainty that cross-border trade and investment between the two countries will not be taxed twice.

Other agreements, the government said, including with Slovakia, Saudi Arabia and the United Arab Emirates, will also enter into force from January 1, 2011.

In the field of tax information exchange, three new agreements have recently been ratified, with the Bahamas, Monaco, and Liechtenstein. These entered into force on December 1, 2010. Additional agreements with San Marino, Belize and Malaysia, also for the exchange of tax information, are due to enter into force from January 1, 2011.