On December 12, 2016 the Dutch Ministry of Finance issued a press release in which it provides an overview of the Tax Treaty negotiations it expects to start in 2017 as well as an overview of Tax Treaty negotiations which have already begun and which are expected to continue in 2017.
The Dutch Ministry of Finance states that it expects to start negotiations on Tax Treaties with:
· Andorra (Currently no DTA in place);
· Liechtenstein (Currently no DTA in place); and
· Panama (Currently a DTA is in place between both jurisdictions).
In this respect the Ministry furthermore states that the negotiations with the jurisdictions mentioned above are being initiated upon the request of Andorra, Liechtenstein and Panama. The Ministry also states that it feels that the negotiations will be a good opportunity to agree on provisions that are in line with OECD provisions like for example anti-abuse clause combating treaty abuse and provisions enabling the automatic exchange of information in tax matters.
The Dutch Ministry of Finance also states that it expects already initiated negotiations on Tax Treaties with a.o. the below mentioned countries to continue in 2017:
· Belgium (Currently a DTA is in place between both jurisdictions);
· France (Currently a DTA is in place between both jurisdictions);
· India (Currently a DTA is in place between both jurisdictions);
· Iran (Currently no DTA in place); and
· The United States (Currently a DTA is in place between both jurisdictions).
With respect to negotiations with jurisdictions with which the Netherlands currently has a DTA in place the Ministry states that the negotiations can either regard negotiations on a new DTA or negotiations on revising the existing DTA.
In the press release it is furthermore stated that in 2017 the Netherlands intends to sign the Multilateral Instrument to Implement the Tax Treaty Related BEPS Measures.
The Dutch Ministry of Finance furthermore invites interested parties that posses tax information that can be of importance for running or intended negotiations to contact the Ministry in writing (Ministerie van Financiën, Directie Internationale Zaken en Verbruiksbelastingen, Afdeling Internationale Zaken, Postbus 20201, 2500 EE Den Haag). The Dutch Ministry can then use this information during negotiations. Since it is possible that in the future the Netherlands might also engage in Tax Treaty negotiations with other countries, the Dutch Ministry of Finance also welcomes input in the area of Double Taxation with other countries as the ones mentioned above.
Copyright – internationaltaxplaza.info
Follow International Tax Plaza on Twitter (@IntTaxPlaza)
and
Follow International Tax Plaza on Facebook
