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New Netherlands - Japan tax treaty

Last updated: 30-11-2010

25 August 2010

On August 25, 2010, the new tax treaty between the Netherlands and Japan was signed in Tokyo.

The Netherlands and Japan have agreed in principle on a new Convention for the avoidance of double taxation with respect to taxes on income.

The new Convention contains a balanced approach between the reduction or exemption of taxes at source (see the outline below) and provisions aimed at preventing tax evasion. This will contribute to further expanding investments and economic exchanges between the Nehterlands and Japan.

The official signing of the new Convention is expected by early summer of 2010; by that time the official text will be made publicly available. It is intended for the new Convention to become effective as of January 1st, 2011.

Outline of withholding taxes on dividends, interest and royalties

 

Dividends

Interest

Royalties

Parent-Subsidiary (shareholding)

Others

Current Convention

5% (25% or more)

15%

10%

10%

New Convention

0% (50% or more)

5% (10% or more)

10%

0% (financial institutions etc.)

10% (others)

0%

 We will keep you informed on future developments with regard to the Dutch corporate tax regime and the Dutch tax treaties. If in the meantime you have any questions about the Dutch tax regime, or you wish concrete advice on you own personal situation feel free to contact us at our office at the number +31 - 10-2010466 or contact us via e-mail. You can also contact directly

Ton Smit

Telephone:    + 31 -10-2010470

Email:   ton.smit@taxci.nl

Of course, you are also welcome to visit our office.    

We will make time for you !