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Aruba: Double Tax Treaties

Introduction

While it was part of the Netherlands Antilles, Aruba at one time had treaties with a number of prominent countries, including the US and the UK. Most of these treaties have lapsed, and the only significant treaty is the 'BRK' tax agreement with the Netherlands. After negotiations to continue the US treaty failed in 1987, the remaining 'mini-'Treaty' continues to give advantages to Aruban exporters into the US.

In December 1999, along with the Netherlands Antilles, Aruba adopted new legislation under the heading of The New Fiscal Regime (NFR). The NFR involves the abolition of the distinction between offshore and onshore companies, at least for new formations, the introduction of a 10% withholding tax on dividends, and a rationalisation of profits tax rates.

The NFR is intended to modernize Aruba's fiscal legislation in line with generally accepted standards set by the Organization for Economic Cooperation and Development (OECD), and to allow it to conclude Double Tax Treaties with OECD countries.

Since September 2009, when the Island signed its 12th Tax Information Exchange Agreement, Aruba has been included on the OECD 'white list' of countries which have committed to the internationally-agreed standard on tax transparency. To date, Aruba has signed a total of 23 Tax Information Exchange Agreements.

Latest Aruba Treaty Updates

Treaty Update: Argentina - Aruba
03 October, 2013
Argentina and Aruba have signed a TIEA, Argentina's tax authority announced on September 30, 2013.
Treaty Update: Mexico - Aruba
23 July, 2013
Mexico and Aruba signed a TIEA on July 18, 2013.
Treaty Update: Aruba - France
28 March, 2013
The Aruba-France TIEA will enter into force on April 1, 2013.
Treaty Update: Aruba - France
21 February, 2013
France's Senate approved the TIEA signed with Aruba at its session on February 7, 2013.
Treaty Update: France - Aruba
01 November, 2012
The French government presented a bill on October 24, 2012, for the approval of the TIEA signed with Aruba.
Treaty Update: Aruba - Bahamas
12 September, 2012
According to preliminary media reports, the TIEA signed between Aruba and the Bahamas will enter into force on October 1, 2012.
Treaty Update: Aruba - Canada
07 June, 2012
The Canadian government has confirmed that the TIEA signed between Aruba and Canada entered into force on June 1, 2012.
Treaty Update: United Kingdom - Aruba
04 January, 2012
According to preliminary media reports, the TIEA between the United Kingdom and Aruba will enter into force on January 1, 2012.
Treaty Update: Aruba - Bermuda
02 December, 2011
According to preliminary media reports, the TIEA between Bermuda and Aruba, signed in 2009, entered into force on December 1, 2011.
Treaty Update: Aruba - France
17 November, 2011
The French Embassy in the Netherlands has confirmed the signing of a TIEA between France and Aruba on November 14, 2011.
Treaty Update: Canada - Aruba
24 October, 2011
According to Canada' Department of Finance, a TIEA was signed on October 20, 2011, between Canada and Aruba.
Treaty Update: Aruba - Faroe Islands
07 September, 2011
According to preliminary media reports, the TIEA between Aruba and the Faroe Islands will enter into force on October 1, 2011.
Treaty Update: Aruba - Norway
31 August, 2011
According to preliminary media reports, the TIEA signed between Aruba and Norway in September 2008 entered into force on August 1, 2011.
Treaty Update: Australia - Aruba
22 August, 2011
According to preliminary media reports, the TIEA between Australia and Aruba entered into force on August 17, 2011. The TIEA was signed on December 16, 2009.
Treaty Update: Bahamas - Aruba
18 August, 2011
The Bahamian government announced on August 8, 2011 the signature of a TIEA with Aruba.
Treaty Update: Australia - Aruba
30 June, 2011
According to preliminary media reports, Australia's tax agreement with Aruba entered into force on June 27, 2011.
Treaty Update: United Kingdom - Aruba
30 June, 2011
The UK government began its legislative process for its TIEA with Aruba on June 28, 2011. The TIEA broadly follows the OECD model convention, and provides for the exchange of tax information upon request. The TIEA will enter into force on the first day of the second month after the later of the two countries to complete its legislative procedures has done so.
Treaty Update: Aruba - Sweden
31 May, 2011
The TIEA applies in Aruba to income tax, wage tax, profit tax and dividend withholding tax. In Sweden, the TIEA applies to natiional income tax, dividend withholding tax, income tax on non residents, income tax on non resident artists and athletes, municipal income tax and the yield tax on pension funds. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and the determination, assessment and collection of such taxes, the recovery and enforcement of tax claims and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of partnerships, trusts, and foundations. It also has a mutual agreement procedure. It had been signed in 2009.
Treaty Update: Aruba - Denmark
31 May, 2011
More on TreatyPro.com

 

 

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