On June 29, 2015 the Kingdom of the Netherlands, in respect of Aruba, and the Czech Republic concluded an Agreement between for the exchange of information on tax matters (Hereafter: TIEA). On June 9, 2015 the Dutch Government published an announcement in the Tractatenblad according to which the TIEA will enter into force on August 1, 2016.
Based on Article 14, Paragraph 2 (“Entry into force”) the fact that the TIEA will enter into force on August 1, 2016 means that the TIEA shall have effect:
a) for criminal tax matters on that date; and
b) for all other matters covered in Article 1 on that date, but only in respect of taxable periods beginning on or after that date, or where there is no taxable period, all charges to tax arising on or after that date.
It should be noted that with respect to the Kingdom of the Netherlands the TIEA will only apply to Aruba.
Click here to be forwarded to the text of the TIEA as available on the Tractatenblad, which will open in a new window.
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