Tax Treaty Aruba with France

September 22, 2009 6:57 AM

ORANJESTAD/PARIS — A delegation of the Directorate of Taxes (SIAD) has recently reached an agreement with France on the exchange of tax information. The draft-agreement of the Tax Information Exchange Agreement (TIEA) was initialed by both countries. It is expected that the final agreement will be signed within short.

The SIAD also mentioned that an agreement on the exchange of tax information with Belgium and Germany has been reached as well.
Meanwhile, TIEA-agreements have been signed with the Netherlands, the Netherlands Antilles, United States, Spain, Australia, Norway, Denmark, Finland, Sweden, Greenland, Iceland, Faroe Islands, St. Vincent and the Grenadines, the British Virgin Islands, and St. Kitts and Nevis.
Tax Treaties with these countries will prevent Aruba from being included on the ‘grey list’ of the Organization for Economical Cooperation and Development (OESO). This implies that internationally, Aruba will no longer be considered a tax-paradise. In accordance with OESO’s standards, Aruba needed to sign at least twelve bilateral tax treaties in order to be removed from the grey list of tax-paradises.
OESO is a cooperation consisting of thirty countries that discuss, examine, and coordinate social and economical policy. The associated countries collectively attempt to solve problems and gear to international policy. The Netherlands and the United States are two of the founding member-states of this cooperation.

(Source: National Newspaper Amigoe)

September 21, 2009