author_orbitax
Orbitax

Share This Article

Netherlands Terminates Savings Tax Agreements with Respect to the Former Netherlands Antilles

08 February 2017

|

Treaty Development

|

Netherlands-BES Island-Curacao-Sint Maarten-Estonia-Finland-Slovenia-United Kingdom

The Netherlands has signed exchange of notes with Estonia, Finland, Slovenia, and the UK for the termination of the former Netherlands Antilles Savings Tax Agreements with those countries. The termination of the agreements is effective 1 January 2017 with respect to the BES Islands (Bonaire, Sint Eustatius, and Saba) and Curaçao. With respect to Sint Maarten, however, the agreements continue to apply. The reason for the termination is the repeal of the EU Savings Directive, which was replaced by the amended provisions of the EU Administrative Assistance Directive.