WILLEMSTAD - The Netherlands has made new agreements with Curaçao in the fight against tax avoidance and evasion. The countries have agreed in a statement to submit a bill as soon as possible to include anti-abuse measures in the tax regime between the two countries.

The tax regulation will therefore comply with international standards in the context of the approach to tax avoidance.

The agreement was signed in Havana on Wednesday 22 May by Undersecretary Snel (Finance) and the Minister of Finance of Curaçao, Kenneth Gijsbertha.

Also with other islands of the Kingdom; Aruba and St Maarten have been agreed in Cuba to bring tax regulations in line with international standards to combat tax avoidance.

The three islands have also indicated that they will comply with all international agreements in the field of information exchange and the standards from the so-called BEPS project of the OECD / G20 against tax avoidance.

Anti-abuse provisions will be included in the tax arrangement between the Netherlands and Curaçao that prevent the benefits of the treaty from being used solely to avoid taxation. In the event of such improper use or misuse, the possibility of invoking the benefits of the tax scheme will lapse.