Netherlands: New tax arrangement with Curaçao

Netherlands: New tax arrangement with Curaçao

The Lower House in the Netherlands approved a new arrangement for the avoidance of double taxation between the Netherlands—including its Caribbean territories—and Curaçao.

Related content

The arrangement—Belastingregeling tussen Nederland en Curaçao or “BRNC”—includes changes in relation to the Tax Arrangement for the Kingdom of the Netherlands (Belastingregeling voor het Koninkrijk—“BRK”), with transitional rules applicable for some elements. 

The new tax arrangement must now be approved by the Upper House. The BRNC is intended to govern the relationship between both countries as of 1 January 2016, thereby replacing the BRK. This will require the Upper House to give its approval on time so that the BRNC can be published in the Bulletin of Acts and Decrees (Staatsblad) before 1 November 2015.

 

Read a September 2015 report prepared by the KPMG member firm in the Netherlands: Lower House approves new tax arrangement between the Netherlands and Curaçao

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform