UK – Netherlands Double Tax agreement
The double taxation agreement between the UK and the Netherlands which was signed in London back in September 2008 entered into force on 25 December 2010.
The detailed agreement seeks to avoid double taxation in relation to income tax, corporation tax and capital gains tax in the UK and similar taxes in the Netherlands including income tax, wages tax, company tax and dividend tax.
The agreement also includes some additional rules in respect of petroleum revenue tax and ring fence trades which have been included to allow the Netherlands to give relief for these specific taxes.
The provisions will apply in the UK from 1 April 2011 in relation to corporation tax and from 6 April 2011 in relation to income tax and capital gains tax. In the Netherlands the new agreement became effective on 1 January 2011.