No Double Taxes Between the Netherlands and Curaçao

The Netherlands and Curaçao have reached an agreement about a new tax regulation to prevent companies and private persons from paying taxes in both countries, preventing citizens from being “double taxed.” The Dutch State Secretary, Frans Weekers, and José Jardim, Curaçao Minister of Finance, have signed an agreement to that effect. They also made arrangements for the automatic exchange of information by the tax authorities of both countries, which should prevent tax evasion. For the Netherlands, the new division of duty rights on pension benefits is significant. Based on this, the Netherlands can levy a withholding tax on physical properties that are moved with an individual upon emigration to Curaçao. “The Netherlands can levy taxes on gifts and inheritances for five years after emigration from the Netherlands to Curaçao,” says Weekers. The arrangement will be effective January 2015 and will replace the existing tax regulations from 1964. The Netherlands is also preparing a new tax regulation for Aruba and St. Maarten.
Source: ANP