(April 22, 2015) 

On April 22, 2015 in the Dutch Staatscourant a Memorandum of Understanding (MoU) regarding the automatic exchange of information in tax matters as concluded between The Netherlands and Ghana was published.

Based on Article 3 of the MoU, the Dutch and Ghanaian authorities will automatically exchange information regarding a.o.:

·        Real estate;

·        Dividends;

·        Interest and bank accounts (name of the account holder, name of the bank, account number and the balance at the end of the relevant calendar year);

·        Income from independent personal services;

·        Income from employment;

·        Directors’ fees;

·        Income derived by artists and sportsmen;

·        Pensions;

·        Government Services; and

·        Other income.

Based on Paragraph 2 of Article 3 of the MoU the information will be exchanged periodically and at least once per calendar year. Paragraph 2 of Article 3 the information regarding a specific calendar year will be sent immediately (for as far as possible) and in any case within six months from the ending of the relevant calendar year.

For further information click here to be forwarded to the (Dutch) text of the MoU as published in the Dutch Staatscourant.

Copyright – internationaltaxplaza.info

Follow International Tax Plaza on Twitter (@IntTaxPlaza)

and

Stay informed: Subscribe to International Tax Plaza’s Newsletter!