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Netherlands Signs TIEAs With Malaysia, The Bahamas

Thursday, December 10, 2009

The State Secretary of Finance of the Netherlands, Jan Kees de Jager signed Tax Information Exchange Agreements with the Bahamas and Malaysia on December 4.

The agreements were co-signed respectively by Deputy Prime Minister of the Bahamas, Brent Symonette, and Malaysian Ambassador, Fauziah Mohamad Taib.

The treaties are in adherence with the Organization for Economic Cooperation and Development's (OECD) standards on transparency and information exchange and allow the respective countriesí tax authorities to request information in the investigation of tax crimes or in civil tax matters.

The Netherlands last week concluded three such agreements, the third with St Lucia, on December 2. It expects soon to conclude further treaties with Belize, Monaco, San Marino and Gibraltar.