(July 15, 2015)

On July 14, 2015 the Dutch Ministry of Finance published a press release announcing that on July 14, 2015 the Netherlands and Germany signed a Memorandum of Understanding regarding the spontaneous exchange of information with respect to Tax Rulings.

According to the press release the Netherlands and Germany want to be completely transparent with respect to agreements reached between the tax authorities and enterprises that have consequences for the other country. Therefore the tax authorities of both countries will actively and spontaneously exchange information with each other.

Agreements regarding the initiative were put down in writing in a Memorandum of Understanding. The agreements regard the intensified spontaneous exchange of information. Therefore it is not necessary that either country first files a request for information. Both countries will actively consult their files and forward the information to the other country on their own initiative. In the press release it is emphasized that the system the Netherlands and Germany are going to use is not yet the automatic exchange of information that is currently being discussed at an EU-level.

The press release concludes by stating that the exchange of information will take place via the competent authorities.

Unfortunately we have not yet been able to locate the text of the Memorandum of Understanding as concluded on July 14, 2015. As soon as we locate the text of the MoU, we will insert a link to it in this Article.

For further information click here to be forwarded to the press release as issued by the Dutch Ministry of Finance in this respect, which unfortunately is only available in Dutch.

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