Update Tax Regulations
Netherlands - Curaçao
The Netherlands and Curaçao concluded a new tax treaty on December 17, 2013. The treaty will take the shape of a Kingdom Act (hereinafter: the treaty). The Memorandum of Reply and a Memorandum of Amendment were published on April 16, 2015. The treaty had been intended to become effective on January 1, 2015. This deadline was not met and the treaty is now expected to become effective on January 1, 2016.
As from the effective date, the Tax Regulations for the Kingdom [“Belastingregeling voor het Koninkrijk” – BRK] will no longer apply between both countries. The BRK will continue to apply between Curaçao and Aruba and St. Maarten, as well as between the last two countries and the Netherlands. The intention is, however, to also conclude a treaty between the Netherlands and Aruba and St. Maarten, respectively. The treaty with St. Maarten was finalized on July 14, 2014; this treaty closely resembles the treaty between the Netherlands and Curaçao.
A treaty with Aruba is being prepared. Insofar as treaties have been concluded between the countries of the Kingdom no more meaning will be attached to the BRK. The intention is to also conclude bilateral treaties between the three Caribbean countries at some point in time.
Download .pdf to get the most significant amendments.