Bill Proposal FATCA Agreement Curaçao Adopted By Dutch Parliament

The Second Chamber of the Dutch Parliament has recently approved the bill between the Kingdom of the Netherlands, on behalf of Curaçao, and the United States to improve the international liability and the implementation of the Foreign Account Tax Compliance Act (FATCA). The Dutch Parliament also approved the bill proposal dealing with the closed supplementary treaty.

A motion was also adopted which urged the government to make efforts to prevent double taxation for residents of the Netherlands, caused for example by having two nationalities. Dutch with American nationality should file tax returns and pay taxes in both countries. Double taxation is not always eliminated by tax treaties between the Netherlands and the US.

No tax treaties apply between Curaçao and the US.