The Netherlands and Curacao agreed in a statement signed on May 22, 2019, to include new anti-abuse measures in the tax treaty between the two jurisdictions.
According to an announcement by the Dutch Ministry of Finance on May 23, the statement, signed in Havana by Dutch State Secretary of Finance Menno Snel and Curacao’s Minister of Finance, Kenneth Gijsbertha, commits both jurisdictions to legislating for new anti-abuse provisions to be included in the agreement „as soon as possible.“
The new measures are intended to prevent the benefits of the treaty from being used solely to avoid taxation and will bring the agreement into line with international anti-avoidance standards, the ministry said.
In addition, Aruba and St Maarten have also agreed to bring their tax regulations in line with international tax standards.
Curacao, Aruba and St Maarten also indicated that they will seek to come into compliance with international standards regarding the exchange of information.